The US retail sales rose in December, as consumers bought more goods and the previous month's figures were revised up, indicating that the country's economy finished 2017 with solid momentum.
The Sterling received some pips against the US Dollar on the upbeat UK manufacturing report.
The British Pound rose slightly against the Greenback on the country's house price data.
The British Pound rose slightly against the Greenback on the country's house price data.
The US employment growth weakened significantly in December due to a decrease in retail jobs, while a surge in monthly pay gains indicated the labour market strength, which could enable the Federal Reserve to hike interest rates in spring.
The Sterling ignored the UK services PMI report, with the GBP/USD currency pair revealing a little initial reaction just after data came in.
The Sterling retreated from September highs against the US dollar, following the report showing a slowdown in the UK building business.
The GBP/USD currency pair was little changed on the report, while remaining under bullish sentiment to head for the 1.3600 mark.
Factory activity in Chicago strengthened again by the end of the year, according to the MNI survey.
Factory activity in Chicago strengthened again by the end of the year, according to the MNI survey.
Contracts to purchase previously owned houses increased in November, supported by the job growth in the strengthening US economy.
The Federal Reserve of Richmond released its survey, showing that the manufacturing growth was slower over the month of December.
The Sterling is continuing to trade against the Dollar in a symmetrical triangle pattern.
The US economy expanded at its strongest pace in two years in the Q3, fuelled by solid business spending.
The US home sales rose more than anticipated in November to reach the highest level in 11 years, indicating that the property market growth started to regain momentum after procrastination for the most of the year.
The US single-family housing starts and building permits increased to the ten-year highs in November, providing a hopeful sign for the real estate market that was hindered by supply constraints.
The British Pound appreciated against the US Dollar by 0.7% yesterday.
Because of sudden news that came from Brussels on Friday, the Pound lost more than 100 points against the Dollar.
In result of the interest rate hike yesterday, the cable formed new rising wedge formation.
The British Pound received only temporary support from the UK data indicating the country's inflation at the six-year high in November.
The Labour Department stated that the US job openings cooled unexpectedly in the month of October from a record-high registered previously.
The Sterling edged lower against the US Dollar on the report showing mixed Britain's manufacturing and trade figures.
The Sterling was little changed against the Greenback, following the UK housing price growth data from Halifax.
The US private sector created 190K jobs in November, down strongly from the prior month, but in line with projections, the ADP report indicated, ahead of more comprehensive the US Labour Departments figures to be issued on Friday.