The British currency held above $1.31 on Friday after recovering overnight when EU offered a last chance for Britain. EU leaders gave Prime Minister Theresa May a two-week notice to arrange how Britain will leave the European Union.

The greenback rebounds on Thursday, recouping most of the ground lost in the previous session.  The Federal Reserve jolted markets by abandoning all plans to raise rates this year.

Pound fell sharply, nearly 1%, on Wednesday after May requested the EU a short Brexit extension until June 30. The extension was shorter than traders expected.

Japanese Yen recovers on Tueasday as dollar faces expectations for an accommodative Fed and hit by concern over the U.S. economy.

The U.S. dollar weakened against most major currencies as expectations for an accommodative Federal Reserve kept the greenback subdued.