Pound edges up as worries sparked by Brexit ebb

The U.K. pound was gaining ground on Wednesday, as worries over the impact of the Brexit vote receded, with safe-haven appetite for the yen falling back somewhat.

The U.S. dollar went as low as ¥102.25 before regaining some ground to ¥102.39. The dollar USDJPY, -0.21%  was changing hands at ¥102.74 late Tuesday in New York.

The U.K. pound GBPJPY, +0.10%  was edging up against the yen, as worries abated over the compromises that could be made in the process the U.K.’s departure from the EU. Sterling dropped to ¥136.40 midday before recovering ground to ¥137.27. It was at ¥137.09 late Tuesday.

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