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According to Reuters, sterling increased by 0.2 per cent at $1.5809, but it remained below its strongest rate hit since November 23rd - $1.5840 - which it managed yesterday.
But the news provider noted trading overall was quiet because investors are waiting on a possible rate hike by Chinese authorities over the weekend.
Kenneth Broux, markets strategist at Lloyds TSB Financial Markets, said overall this week the pound has been "very resilient" and he cannot see the sentiment being negatively affected in the short term.
He added: "It should be fairly light in terms of commitment and conviction trades. I think we're waiting to see what comes out of China over the weekend."
Yesterday, the Bank of England decided to keep the interest rate at 0.5 per cent, plus its so-called quantitative easing programme remains the same also.
Posted by Greg Secker
