Domestic data was less supportive too with electronic card retail sales rising a mere 0.1% in November, suggesting policy will have to remain accommodative to fuel consumer spending.
Benchmark copper on the London Metal Exchange had gained 0.5pc to $7,736 per tonne by 1500 GMT, close to the $7,800 touched on Monday, its highest since March 2013.
In interbank trading, the price of euro appreciated by 03 paisas and closed at Rs. 194.59 against the last day’s trading of Rs. 194.56, State Bank of Pakistan reported.
"Broad positioning is short sterling, but not at extremes by any means. This limits the prospect we get an exaggerated short-covering rally to say $1.3800 or $1.4000."
Closer to home, a gauge of Australian consumer sentiment hit a 10-year high in a sign domestic activity will remain strong in the final quarter of 2020 after a stellar third-quarter.
"So far the pullback of the past two days appears to be only a mild correction to an uptrend which remains intact," Westpac Banking Corp analysts said in a note.