Sterling is one of the best-performing currencies among the majors, and on Wednesday reached a 26-year high of US$2.0206 against the dollar on expectations that the Bank of England will continue to hike rates this year.
Canadian dollar
Elsewhere, Canada's dollar surged to a fresh 30-year high on Friday, boosted by general weakness in the US dollar and a Canadian jobs report showing Canada's economy created more than twice as many jobs as expected last month.
Employers hired a net 34,800 workers, the most since March and well above the 17,000 rise that economists expected.
The data pushed the US dollar to as low as C$1.0462, its lowest mark since May 1977 and down from C$1.0570 late on Thursday.
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