Sterling rebounds after upbeat U.K. construction data

Sterling recovered on Wednesday after suffering hefty losses yesterday that pushed it to a two-month low, as the royal currency recovers following strong U.K. data last month.
 
GBP/USD last traded at 1.2304, up from the opening of 1.2250, with an intraday high at 1.2311, and a low at 1.2227.
 
Earlier U.K. data showed the services PMI up to 54.2 in December from 53.1, matching expectations.
 
Strong construction data came following similarly upbeat manufacturing data from Britain, as markets await data on U.K. services later.
 
The dollar fell against main currencies today as markets await the Federal Reserve's meeting minutes later today, with the dollar falling away from its highest level since 2002 against main currencies.