The Sterling was little changed against the US Dollar on the UK Services PMI data, though the report managed to sustain the exchange rate above the 1.3400 level.
The British Pound was slightly higher against the US Dollar on the release showing stronger activity in the country's construction sector.
The Sterling depreciated initially against the Greenback, fuelled by stronger-than-anticipated Britain's manufacturing data.
US consumer inflation growth weakened in October, as the hurricane-related increase in purchases of motor vehicles started to fade.
The US economy expanded at the fastest pace in three years, as businesses invested more in equipment and inventories, offsetting slackening in inflation.
The Sterling weakened against the US Dollar on the Bank of England report showing its stress test results for this year.
Sales of new single-family homes in the US marked solid increase to reach a ten-year high due to robust demand throughout the country, providing a boost to the property market.
The Sterling was seen slightly stronger against the US Dollar, after the UK GDP growth report came in on Thursday.
The Sterling was seen slightly stronger against the US Dollar, after the UK GDP growth report came in on Thursday.
Commerce Department stated that the US durable goods orders fell sharply 1.2% in October, while its core measure marked sligtly weaker increase of 0.4% in the same period.
The National Association of Realtors reported that the US existing home sales rose more than anticipated in October, revealing 2.0% gain to a seasonally adjusted yearly rate of 5.48M units in the reported month.
The Commerce Department said that the US homebuilding rose to the highest level of the year in October, where housing starts jumped 13.7% to a seasonally adjusted yearly rate of 1.29M units, while building permits added 5.9% to a 1.30M unit rate in October.
The Commerce Department said that the US homebuilding rose to the highest level of the year in October, where housing starts jumped 13.7% to a seasonally adjusted yearly rate of 1.29M units, while building permits added 5.9% to a 1.30M unit rate in October.
The Sterling appreciated against the US Dollar on the weak retail sales figures for the UK on Thursday.
The Labour Department revealed that the US consumer inflation eased to 0.1% from 0.5% in October, while its core figure appreciated to 0.2% in the same period.
The Sterling fell against the US Dollar on disappoint UK consumer inflation report.
The Treasury Department stated that the US Federal Government had a deficit of $63B over the course of October, where higher spending was attributed to disaster relief after a hurricane season.
The stronger-than-anticipated report on the UK manufacturing production resulted in a modest increase of the British Pound.
The JOLTS report showed that demand for workers in the US remained solid, with 6.1M job openings registered in September.
The JOLTS report showed that demand for workers in the US remained solid, with 6.1M job openings registered in September.
The JOLTS report showed that demand for workers in the US remained solid, with 6.1M job openings registered in September.
In result of the previous trading session the Pound managed to recover some lost positions amid sell-off of the Dollar.
The Labour department revealed that the US job growth sped up in October, while the yearly wage growth as well as participation rate fell in the reported period, clouding the outlook of the job market.
The British Pound plummeted sharply against the Greenback, as the Bank of England announced changes in its monetary policy.