On Thursday, the pound fell against the dollar, despite data on the growth in the third quarter, showing that the UK economy dodged the immediate consequences of the Brexit referendum on June 23.
GBP/USD initially touched the high at 1.2271 before returning to 1.2222.
The Office for National Statistics said that Britain's gross domestic product has grown over the past three months ended September 30 by 0.5%, higher than the growth forecast of 0.3%. In the previous quarter, the growth of the UK economy rose 0.7%.
The annual equivalent of the UK's GDP growth in the third quarter was 2.3%, which is higher than the growth forecast of 2.1%. In the second quarter, the UK economy grew at an annualized rate by 2.1%.
"There is little evidence of pronounced effect after the referendum," - said the chief economist at the ONS, Joe Grice.
The UK service sector, constituting three-quarters of the economy, rose 0.8% in the third quarter. However, the activity demonstrated a decline in other sectors. The activity in the construction sector fell 1.4%, agriculture fell 0.7% and industrial production decreased by 0.4%.
Data for the third quarter are the first indicator of economic growth after the referendum from June 23, when the United Kingdom voted to leave the European Union.
Last month, the Bank of England warned that the data is likely to show a growth of just 0.2% in the third quarter. The central bank should hold a meeting next week to decide whether to reduce interest rates to support the economy. Yet, on Tuesday, the head of the Bank of England, Governor Mark Carney, said the bank is concerned that the sharp decline in the pound could lead to higher inflation. His comments were regarded by the market as a sign that the Bank of England may leave the rates unchanged at the end of its meeting next week.
The UK Chancellor, Hammond, welcomed the report, saying that the country's economy is strong and "in a state of readiness" to cope with the Brexit challenges.
Sterling also weakened against the euro: EUR/GBP pair rose 0.21% to 0.8926.