"Positioning does seem to have overtaken the dollar bull arguments and there is an issue of credibility with Trump," said Richard Benson, co-head of portfolio investment at currency fund Millennium Global in London. The Korean won hit its highest since Nov. 10 in Asian trading. All eyes were on fourth-quarter GDP data"The market has been seeing the pound in a different light over the past week or so," analysts from currency exchange LMAX said in a morning note. "While there remains risk for a hard Brexit , it seems more clarity on the matter has been alleviating some stress. At the same time, the big sell-off in the dollar has also contributed to sterling strength."

Source: Economic Times January 26, 2017 11:52 UTC