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PAUL FAITH | AFP | Getty Images
Traffic crosses the border into Northern Ireland from the Irish Republic on the border of New England in Northern Ireland and Dundalk in the Irish Republic, on December 1, 2017.
Sterling had fallen sharply against the US dollar earlier in the day after a politician, crucial to Theresa May's grip on power, suggested the country is heading for a no-deal Brexit.
Shortly after 10.a.m. London time, the pound fell from its session high of $ 1.308 to $ 1.302 as investors digested the remarks on Twitter of the Chief Whip of the Northern Ireland's Democratic Unionist Party (DUP) Jeffrey Donaldson.
The lawmaker said, "Adding such a price to the economy of the economy of the Irish Republic. Can not understand why Irish government seems so intent on this race. "
The DUP is crucial to the U.K.'s ruling Conservative Party as it provides the British with the crucial balance of power.
It is crucial to the European Union, which is part of the United Kingdom, and the Republic of Ireland, which is set to stay in the European Union, has become the major sticking point in Brussels .
The pound has reached the backdrop of optimism surrounding a Brexit deal. However, analysts have warned that the currency could continue to see some volatility. "Whether Brexit is hard or soft, Britain is in demand growth, a reduction in the growth rate of potential growth and a sterling crash," High Frequency Economics said in a research note on Monday.
"We are expecting to pay for the fall of any Brexit deal."
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