The UK's sterling lost ground against most of its major rivals on Wednesday morning in Asia. The pound fell to 1.4641 against the US dollar, 1.6572 against the Swiss franc and 142.89 against the yen by 9:15 pm Eastern Time, compared to Tuesday's North American session closing values of 1.4683, 1.6623 and 143.71, respectively. As of now, the pound is trading at 1.6574 against the franc, 143.15 versus the yen and 1.4648 against the greenback.

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