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The UK currency was hurt by its yield disadvantage when compared to the euro and encroachment of parity, reports Reuters.
An analyst for a Japanese foreign exchange broker said: "The trend weakness in sterling is likely to continue for a while longer.
"There is the chance that someone might attempt some speculative moves in thin market conditions."
As the year's end approaches, trading has been light on the exchanges.
Meanwhile, a trader for a European bank said the Swiss franc is being bought because of geopolitical risks.
Pessimism surrounding the US economy resulted in the dollar falling broadly, compounded by concerns about Israeli attacks in the Gaza strip.
The dollar fell by 0.4 per cent against the Swiss Franc.
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