FX round-up: Oil exporters' currencies gain

Cable was little changed despite indications from a top BoE official that further monetary easing might be in the offing, slipping to 1.3019 from 1.3023 in the previous session.

Acting as a backdrop, oil producing countries currencies strengthened after reports indicated that OPEC appeared to have reached an understanding to cut its output when its ministers next met formally, in November.

That saw the US dollar retreat to 63.08 Russian rubles from 63.66 in the previous session, as front-dated crude oil futures jumped by nearly 5%.

Bloomberg's commodity index notched up gains of 1.19% to 85.14.

Brazil's real gained to 3.2167 from 3.2343.

Back in the UK, Bank of England deputy governor Minouche Shafik told an audience that more monetary stimulus would "likely be needed at some point" to aid the British economy as it adjusts to the uncertainty created when the country voted to leave the European Union.

To take note of as well, on Wednesday S&P analysts reiterated that they still expected Brexit taking a hefty toll on the British economy, but nowhere near as dire as some forecasters had anticipated.

The cumulative impact between now and the end of 2018 would be 2.1 percentage points, with the housing market and exports expected to play key roles, the ratings agency explained.

To take note of, the Bank of England's "readiness to act" had succeeded in appeasing gilt markets so far, S&P said.