The British pound paused against most currencies Friday, after an unexpected decision to cancel the next round of the Brexit talks between the UK and the European Union.
After the cancellation, hopes receded about reaching progress in the post-Brexit talks due to the hinders in the way to any agreement.
The Brexit negotiators announced the cancellation of the first round of the talks that were scheduled for this week, a sign on deep differences between the two sides.
The EU chief negotiator for Brexit Michel Barnier said after four days of discussions, serious divergences remain.
Otherwise, data showed the British services PMI slightly rose to 47.1 points in June vs. 47 points in May.
As of 16:50 GMT, GBP/USD held at 1.2466, after the pair hit a high of 1.2487 and a low of 1.244.