The move by sites such as Booking.com, Kiwi and Kayak led to Ryanair slashing prices on some flights in a bid to fill seats.
Three likely cuts to the funds rate next year have weighed on the greenback despite mostly positive economic data.
The British pound initially sold off during the trading session on Thursday but has turned around since then to show signs of hesitation to continue selling off.
An official from the European Central Bank (ECB) has recently voiced his stance on the bank's interest rates, following a decision to raise them by 25 basis points. He expressed satisfaction with the current state of affairs and indicated that there is no expectation for a rate hike at the upcoming policy meeting, according to statements made on Thursday.
Investing.com – The pound extended its gloomy slide against the dollar continued Monday, just days ahead of a widely expected Bank of England rate increase amid fears that a hike will come with side order of dovishness as the central bank is likely to signal that its rate-hike cycle is coming to an end.
Investing.com -- The Bank of England increased its key interest rate by another 25 basis points on Thursday, bringing borrowing costs up to 4.50% - their highest level since 2008.