The pound is maintaining its lead against the dollar and is trading up 0.60% at $1.3147.
However, sterling's rise might owe more to a weaker dollar amid reports that US President Donald Trump threatened to impose additional tariffs on Chinese goods.
Erlam, senior market analyst at Oanda, said: "The ongoing conflict between the US and China continues to be a primary
driver of market sentiment, with investors concerned about the prospect of a
full blown trade war as neither side shows a willingness to blink."
Against the euro, however, sterling has had a much more volatile day and is now at €1.1243.
Sterling rises against the dollar
The pound is up 0.23% against the dollar at $1.3057.
Although London and Berlin denied there had been any change, sterling edged higher today.
Valentin Marinov, head of G10 FX strategy at
Credit Agricole, tells Reuters: "Brexit negotiations are front and centre for markets, and
despite yesterday's headlines the near-term uncertainty is going