On Tuesday, the pound fell to session lows against the dollar after data released showed that industrial production in the UK rose unexpectedly in May, but the volume of production in the manufacturing industry declined, while the increased risk has strengthened demand for the US currency.
The GBP/USD pair dropped to a minimum of 1.5509, the weakest level since June 15, from 1.5530 the day before the release of the report.
Office for National Statistics reported that UK industrial production rose in May by 0.4% compared to expectations of a decline of 0.2%.
Oil and gas production jumped 7.3% in April, fastest pace in more than a year.
However, the volume of manufacturing output fell 0.6% in April, after falling 0.4%.
In annual terms, industrial production increased by 2.1%, the maximum rate since April 2014, and the volume of production in the manufacturing industry decreased 1.0%.
Sterling rose against the overall flagging euro; the EUR/GBP pair fell 0.16% to 0.7074 from 0.7069 earlier.
The European currency came under pressure as investors remain cautious ahead of today's summit of the eurozone, aimed at restarting negotiations between Greece and its creditors.
Later today the Prime Minister of Greece, Alexis Tsipras will present new proposals to eurozone finance ministers, on the eve of a meeting of European officials, on which there will be discussed the implications of Sunday's referendum in Greece.
Greek banks are closed today after capital controls has been extended until Wednesday, amid fears that the financial institutions end funds.
On Monday, European Central Bank announced that it will keep Greece emergency funding unchanged on the declared level of last Monday.
The ECB also announced that it will review the risk factors of guaranteed acceptance of the Bank of Greece in the framework of the emergency credit assistance, increasing the pressure on Athens.
The USD index, which measures the American currency against the basket of six major currencies, went up with 0.64%, getting to 97.03 due to demand of asylum.