Sterling was 0.51% lower at $1.0831 as of 1200 GMT, returning some of the previous session's 1.41% rally.Sterling was 0.51% lower at $1.0831 as of 1200 GMT, returning some of the previous session's 1.41% rally.
The euro weakened 0.32% to $0.97065, following Wednesday’s 1.51% surge, the biggest since early March. “Concerns about the UK’s fiscal plan and its broader economy suggest GBP will likely stay offered against the USD and other major currencies in the near term.”
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