Sterling was 0.15% higher on Monday at $1.3901 , off last week's top of $1.4009. Against the euro it was 0.2% higher at 86.92 pence.
Bank of England Deputy Governor Ben Broadbent has forecast consecutive quarters of rapid growth but also warned that inflation will prove less predictable
The euro had given up the morning's gains by around midday on the continent, to stand 0.01% lower at $1.2095, clinging to its highest levels since the beginning of March.
The dollar index was down 0.11% at 90.80, its lowest level since March 3.
The euro gained 0.3% to $1.2055 while the dollar index, measured against a basket of currencies, was down 0.2% .
Real yields in the US remain deeply negative on a 10-year basis and reflect some of this uncertainty that will continue to limit the upside for the US dollar.
The Australian dollar held firm at $0.7769 after hitting a one-month high of $0.7784 on Monday. The offshore Chinese yuan firmed to 6.5075 per dollar, near its highest level in almost one month.
Michel said he would discuss with Georgian political leaders joint steps aimed at strengthening the ties between Brussels and the EU-aspirant nation in Europe's extreme southeast.