Investing.com - Sterling reversed gains on Thursday as hopes for a Brexit deal were dealt a serious blow after Northern Ireland's Democratic Unionist Party said it will vote against a Brexit deal.
The DUP said the proposals are not beneficial to the economic wellbeing of Northern Ireland.
The pound had rallied to its highest since May earlier after Britain reached a last-minute deal with the European Union ahead of a planned October 31 Brexit deadline.
- GBP/USD down 0.2% at 1.2791 from earlier high of 1.2988
- EUR/GBP up 0.68% to 0.8682 from earlier low of 0.8576