The euro and the British pound fell slightly against the dollar on Thursday, reversing the trend after several days of sharp declines for the greenback and a marked rise for the UK currency.

Around 9:10 a.m. GMT (11:10 a.m. in Paris), the euro lost 0.14% against the dollar, at 1.1844 dollars for one euro, and the pound fell by 0.37%, at 1.3101 dollars for one pound sterling.

But the slight drop in the pound against the greenback is barely beginning the marked gains of the British currency, which is still gaining more than 1.5% over the week against the greenback.

“The pound remains above $1.31 due to the idea that there must be at least a path towards a post-Brexit trade agreement between the EU and the United Kingdom, commented Fiona Cincotta, analyst at City Index.

After a week of deadlock, the United Kingdom and the European Union resume their negotiations on Thursday in London, with significant differences to bridge and very little time to escape the "no deal".

Across the Atlantic, negotiations between the Democratic opposition and the White House on the economic recovery plan continue. The latter improved its offer on Wednesday in the hope of securing a compromise before the presidential election on November 3.

“An agreement between the two parties” before the election “looks increasingly unlikely, and that has put an end to the dollar's continued decline,” said Ricardo Evangelista, an analyst at ActivTrades.

An ambitious recovery plan could fuel investors' appetite for risk, which would then abandon the greenback, a safe haven.