The pound erased declines against the dollar and the euro.
The U.K. currency was little changed at $1.6208 as of 3:58 p.m. London time, after weakening as much as 0.3 percent to $1.6160.
Sterling strengthened 0.1 percent to 81.16 pence per euro, after weakening as much as 0.3 percent to 81.43 pence.
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