The pound was a shade higher at $1.2828 GBP=D4 after dropping more than 1 percent on Friday to as low as $1.2775.
Sterling
suffered its steepest fall since January on Friday after an opinion
poll showed the governing Conservatives' lead over the Labour opposition
down to just 5 percentage points with less than two weeks before a
general election.
The euro declined 0.1 percent to $1.1165 EUR=. The common currency had soared to a 6-1/2-month high of $1.1268 last week on factors including relief at the French presidential election outcome, but it has failed to make further headway.
South Africa's rand was turbulent after reports President Jacob Zuma defeated a no-confidence motion against him.
The rand went to a two-month high of 12.65 per dollar ZAR=D3 before pulling back to 12.85.
Crude oil prices slipped, their modest recovery from disappointment over last week's OPEC meeting sputtering out on the back of a relentless rise in U.S. drilling.
Oil suffered a big drop last week after an OPEC-led decision to extend production curbs did not go as far as many investors had hoped.
U.S. crude CLc1 was down 0.2 percent at $49.63 a barrel, having slumped to as low as $48.18 on Friday. Brent fell 0.3 percent to $49.63 a barrel LCOc1.
Spot gold XAU= hovered close to a near four-week high of $1,269.50 an ounce hit on Friday, led higher by investors who feared political risks.
The euro declined 0.1 percent to $1.1165 EUR=. The common currency had soared to a 6-1/2-month high of $1.1268 last week on factors including relief at the French presidential election outcome, but it has failed to make further headway.
South Africa's rand was turbulent after reports President Jacob Zuma defeated a no-confidence motion against him.
The rand went to a two-month high of 12.65 per dollar ZAR=D3 before pulling back to 12.85.
Crude oil prices slipped, their modest recovery from disappointment over last week's OPEC meeting sputtering out on the back of a relentless rise in U.S. drilling.
Oil suffered a big drop last week after an OPEC-led decision to extend production curbs did not go as far as many investors had hoped.
U.S. crude CLc1 was down 0.2 percent at $49.63 a barrel, having slumped to as low as $48.18 on Friday. Brent fell 0.3 percent to $49.63 a barrel LCOc1.
Spot gold XAU= hovered close to a near four-week high of $1,269.50 an ounce hit on Friday, led higher by investors who feared political risks.
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