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Forex traders have held back in going after the pound as it stood at $1.5780 at 08:31 GMT, Reuters reports.
This comes after sterling experienced losses versus its US counterpart yesterday to fall down to $1.5759, its lowest rate since the end of October.
But revised UK growth figures may come in lower than expected, according to traders, which might make the pound vulnerable.
It is believed official data will confirm later that Britain's economy has grown by 0.8 per cent in the three months to September, compared to the previous quarter.
This comes after Monday was all about Ireland's economy as sterling rose by 0.5 per cent against the dollar following speculation a package was in the process of being worked out in order to support the Irish, due to their poor financial position.
Posted by Greg Secker
