The pound remained stable trading around the six-week high it reached in the previous trading session following reports that Brexit trading talks would resume.

Sterling soared on Wednesday after EU Brexit chief negotiator Michel Barnier said an agreement between the EU and the UK would be reached before being driven further by reports that talks would continue.

Meanwhile in another development, UK Finance Minister Rishi Sunak is expected to announce his fourth stimulus plan in an effort to support jobs and businesses that continue to receive pressure from the implementation of new sanctions in the country.

Trade unions and 5 major UK employer organizations were called to the Treasury on Thursday morning to hear details of the plan before he made a statement to MPs.

Sunak will also reportedly tell the House of Commons that the economic outlook is bleak as more and more countries face stricter sanctions to curb the spread of the Covid -19 pandemic.

In addition, the greenback dollar rose slightly from a 7-week low against most major currencies following investor caution over US stimulus negotiations reducing holdings on risky assets.