Sterling fell and gilt futures erased losses on Wednesday after minutes from the latest Bank of England policy meeting showed two members had dropped their call for a hike in interest rates, Reuters reported.
Sterling fell to the day's low of $1.5076, from around $1.5143, down 0.4 percent. Sterling also fell to 76.805 pence per euro after the minutes from around 76.42 pence per euro beforehand.
British government bond futures erased losses, rising by around 30 ticks and leaving them flat on the day. The premium that 10-year gilts offer over equivalent German Bunds narrowed around 2.5 basis points to 105.5 basis points.