Sterling recovered some ground on Friday, pushing back above $1.51 as the dollar retreated broadly after U.S. payrolls data that showed the economy creating jobs robustly without generating much wage growth.
By late trade in London, sterling was half a percent higher at $1.5157 and 0.1 percent stronger against the euro at 78.09 pence. That still left it just over 1 percent lower against the U.S. currency this week and almost 0.7 percent lower against a trade-weighted basket of currencies.
"Sterling has been on the defensive of late but it tried a cautious rebound in the run-up to the data," analysts from KBC said in a note to clients. "It looks like sentiment is slightly improving."