Sterling fell briefly towards a three-week low today as UK Prime Minister Theresa May defended her plans for Brexit.
However the currency's moves were limited and analysts said they saw little in May's speech that was new.
Theresa May said she was confident Britain can agree a deal for its exit from the European Union, although she cautioned that she would rather leave without a deal than accept the carve up of the United Kingdom.
Sterling was weaker before May delivered her annual speech to the Conservative Party conference, but did slip further as she pledged to stick with her Brexit plans when the UK and the EU enter another round of negotiations on their divorce.
🎼🎼 She is the dancing queen ... British PM Theresa May dances to the ABBA hit as she arrives on stage at the Tory Party conference. pic.twitter.com/unYVJ68hSo
— RTÉ News (@rtenews) October 3, 2018
The pound dropped 0.4% on the day to as low as $1.2963, close to yesterday's three-week low of $1.2941, before recovering to $1.2990 later.
Sterling was unmoved versus the euro at 88.995 pence.
The currency has been hit hard by concerns over a growing conflict within her party over May's Brexit plan with the pound falling to its lowest since September 10 in the previous session.
Analysts said there was little to excite currency traders in May's speech, with attention shifting to the next phase of talks with Brussels.
Earlier, a survey showed Britain's services sector kept up its steady growth in September but uncertainty about the economy remained high six months ahead of Brexit.
