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Sterling hovers near two-week low
Sterling dithered on Thursday, trading near a two-week low hit yesterday as demand on the royal currency dips ahead of the referendum on Britain's future with the European Union.
GBP/USD last traded at 1.4417, compared to the opening of 1.4419, with a session-high at 1.4474, and a low at 1.4412, after the pair hit a two-week low at 1.4385.
Sterling's flat trading today comes as dollar dizzies versus a basket of rivals, while traders focus on the ECB meeting today, at which it kept interest rates and monetary policy unchanged.
The dollar also flattened out following improvement in private sector jobs last month, stemming the dollar's decline against a basket of rivals, and forcing it into wavering ahead of the all important official payrolls report tomorrow.
The dollar index, which tracks the greenback versus a basket of six major rivals, last traded at 95.49, compared to the opening of 95.39, with a session-high at 95.55, and the lowest level this week at 95.14, after the index hit an eight-week peak this week at 95.96 before returning lower and wavering.
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