Sterling has dropped this week, reversing some of last week’s surge. Traders book profits and investors turn nervous again about the sort of divorce Britain and the European Union will have.

Sterling extended gains on Monday on signs some pro-Brexit lawmakers were increasingly willing to compromise with Prime Minister. The dollar edged higher against its rivals on Monday on the back of widening weakness in the euro.

The pound slipped on Friday after survey data showed British factories slashing jobs in February. However, pound sets for biggest weekly rise in a month as no-deal Brexit fears fade.

The dollar rose against the yen and reduced losses versus the euro on Thursday. U.S. data showed that growth in the world’s largest economy was stronger than expected in the fourth quarter.

The yen and the Swiss franc strengthened on Wednesday after Pakistan shot down two Indian jets. Investors were sent out of riskier markets and into safer assets.