Sterling rises from the lowest level in two and a half months

The British Pound recovered today from its lowest level in two and a half months against the dollar on a large scale, after the sales that were witnessed last week, which were affected by the concerns of the trade deal between Britain and the European Union.

After falling early in the session to a one and a half month low of $ 1.2873, the British pound rebounded to $ 1.2946 before falling back to $ 1.2919.

Sterling fell 2.4% last week against the dollar, its biggest weekly decline in seven weeks, amid investor concerns about Britain's agreement with the European Union on the trade deal in the remaining 11 months of the transition period to exit