Sterling was trading at $1.2855 against the dollar in the morning trading today, while against the euro it climbed 0.3 per cent to trade at €1.1271.
The development comes as Prime Minister Theresa May is expected to make a give a hard-hitting Brexit speech at the CBI conference today.
According to some extracts released to media earlier, May is expected to say that there is “an intense week of negotiations ahead of us”, adding: “During that time I expect us to hammer out the full and final details of the framework that will underpin our future relationship and I am confident that we can strike a deal at the council that I can take back to the House of Commons.
“The core elements of that deal are already in place. The Withdrawal Agreement has been agreed in full, subject of course to final agreement being reached on the future framework.”
May also appeared on Sky’s Ridge last evening where she reiterated that she would not be quitting.
"Politics is a tough business and I've been in it a long time" – Theresa May says that she won't let her leadership coming under criticism affect her drive #Ridge
— Ridge on Sunday (@RidgeOnSunday) November 18, 2018