The pound erased a drop versus the dollar and pared a decline against the euro.
The U.K. currency traded little changed at $1.6205 as of 11:29 a.m. in London, after falling 0.2 percent to $1.6167.
Sterling stayed 0.3 percent lower at 88.59 pence per euro.
To contact the reporter on this story: Lucy Meakin in London at email@example.com
To contact the editor responsible for this story: Daniel Tilles at firstname.lastname@example.org