Sterling declined on Monday against dollar away from three-week highs on profit-taking as investors await BOE governor Andrew Bailey's speech later today on policy.
GBP/USD fell 0.25% to 1.2605, after closing up 0.1% on Friday and marking a three-week high on Thursday at 1.2669.
Sterling rose 1% last week, the second weekly profit in a row on PM Boris Johnson's plan to revive the economy.
The Treasury Ministry announced a 30 billion pound plan to bolster the economy, including cutting taxes and benefits to help the youth.
The plan is included in the larger financial support policy launched by PM Johnson to revive the economy from the Covid 19 hit.
The dollar index shed 0.3% on Monday for another session as the greenback continues its decline against a host of major rivals.
Bank of England Governor Andrew Bailey is due to participate in a panel discussion titled "Libor: Entering the Endgame" at a webinar cohosted by the Bank of England and the Federal Reserve Bank of New York