The British currency remained in sight of one-week lows against the dollar on the eve of a knife-edge rate decision by the Bank of England.
Fears of a pandemic are already affecting global economies and investors’ sentiment remain fragile about the economic impact of Cororonavirus.
As worries grew about the economic impact of China virus outbreak demand spikes for safe-haven assets. Commodity-linked currencies fell.
Demand spikes for safe-haven assets as investors growing anxious about the widening crisis related to China virus.
PMI readings added to the broader market conviction that ECB policymakers will maintain a loose monetary policy for the near future.