Sterling gave up some of last week’s strong gains on Monday on Brexit deal doubts. The European Union and Britain said “a lot more work would be needed” to secure an agreement by Oct. 31.
The British currency was the top performer of the week. There was a lively week for the pound, which began with a public row between London and Brussels.
Sterling took a wild ride after top EU official Donald Tusk said that the “time is practically up” to reach a Brexit deal.
Top trade negotiators from the two economic giants were scheduled to meet in Washington on Thursday and Friday to try to end a bruising 15-month-old trade war.
China remained open to signing a partial trade deal with the United States despite being put on the tech blacklist. Currencies linked with greater investor risk appetite jumped.