Sterling is down slightly at $1.2733 - not far off a 14-month low of $1.2662 - and up a touch at €1.1161 as the dollar rebounds and investors shift their focus to this week's Brexit talks in Brussels.
The pound has now suffered six consecutive weeks of losses against the dollar - its worst run since 2014 - despite data such as retail sales suggesting the UK economy is holding up.
"The price of the pound continues to reflect Brexit concerns and an economy that's at best muddling through," says WorldFirst's Jeremy Cook. "The limelight is elsewhere right now and there's plenty of places people would rather be investing than sterling."
Business confidence in the UK economy has fallen to its lowest point this year, reflecting uncertainty about Brexit, according to a survey published today.