Sterling recouped some losses Tuesday ahead of U.K PM Theresa May’s Brexit speech.
The pound was up 0.42% at $1.2100 at 02:15 ET after hitting its lowest level since the “flash crash” in October.
May is expected to emphasize Britain recovering control its borders over reaching a free-trade accord with the EU.
Sterling rose 0.11% to 1.1378 against the euro as BoE chief Mark Carney warned of headwinds facing U.K. consumers.
The dollar index was down 0.39% at 101.13 as the euro regained the $1.06 mark after the U.S. holiday.