On Tuesday the GBP grew to a month top versus the greenback due to statements of a postponement of the Brexit deadline. The popular safe-haven Japanese yen left the low area seen this year while a decline in U.S. equity futures weakened investors' risk desire.
Sterling went to its highest versus the US Dollar since a month ago following News announced that Theresa May was thinking to pause the March 29 deadline for U.K.'s departure from the European Union.
The GBP was last up 0.4% at $1.3140. Michael Every, Hong Kong-based senior Asia-Pacific strategist at Rabobank, said in a note "Delaying Brexit for a few months, which the E.U. is not united on, just kicks the can down the road".
Trump confirms tariff delay for China
Daily Analysis - 26/02/2019