Sterling is up 0.21% against the dollar at $1.3095 after Prime Minister Theresa May won backing from MPs to renegotiate the UK's Brexit withdrawal agreement with Brussels.
It also ticked higher on the euro, up 0.13% at €1.1445.
Pound rises
Euro (EUR)
EUR/GBP - Today's data summary
% change
+0.07%
Price Pound sterling
0.8700
Change
+0.0010
As of 05:10 22 Feb 2019
EUR/JPY - Today's data summary
% change
+0.07%
Price Yen
125.5650
Change
+0.0900
As of 05:10 22 Feb 2019
EUR/USD - Today's data summary
% change
+0.02%
Price US dollars
1.1336
Change
0.0000
As of 05:10 22 Feb 2019
Latest updates
Pound gives up gains
Sterling has lost momentum against the dollar after trading over $1.31 earlier this morning.
It is now up 0.11% against the greenback at $1.3080.
The pound has fallen 0.22% against the euro at €1.1532.
Pound rises above $1.31
It has been a good week for sterling which is up around 1.8% since Monday, bolstered by speculation that the UK may avoid a no-deal Brexit.
Overnight trading sent the pound up 0.53% against the dollar to $1.3133.
Sterling is 0.35% higher against the euro at €1.1598.
Pound ticks lower
Sterling is down 0.36% against the dollar at $1.3022.
It follows a sharp rise in the pound on Wednesday following reports that the prospect of a no-deal Brexit was subsiding.
Spreadex analyst Connor Campbell, said: "I think again it's a lot of hot air right now without much progress."
The pound is down 0.10% on the euro at €1.1473.
FTSE opens down, pound lower
The FTSE 100 has opened 0.36% lower at 6,838.25.
The FTSE 250 is 0.34% lower at 18,424.09.
Meanwhile, the pound is down against the dollar so for this morning - off 0.18% at $1.2858.
It is marginally off against the euro at €1.1295.
Pound makes a modest gain
The pound is rising against the dollar, up 0.2% at $1.2882, as the London markets open.
Against the euro the pound is up around the same amount at €1.1299 - its highest level against the single currency since November.
Euro slips
The euro has slipped against the dollar after that data showing the weakest growth in Germany for five years.
It is trading at around $1.1458.
Six scenarios for the pound
ING's economists tweet
US jewellery firm Stella & Dot is exiting Europe
US jewellery firm Stella & Dot is exiting the European market after being hit by declines in the value of the pound and euro. Set up in 2003, Stella & Dot staff buy their own stock, and try to sell it on through their social networks. The firm focuses its recruitment on mothers looking for flexible work, with taglines such as “be your own boss” and “join a community of strong and supportive women”. Mhari Oakes from Cheshire in the UK has been with Stella & Dot for seven years and explained the perks of so-called social selling. (Image: Stella & Dot product at a trunk show. Credit: Getty Images)
Rick Kelsey
Newsbeat reporter
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