Sterling advances past 1.32 after Carney's speech

Sterling tilted higher against the dollar following an array of data from the US, the world's largest economy, and after a speech by Bank of England governor Mark Carney in Liverpool.

As of 05:29 GMT, GBP/USD rose 0.22% to 1.3202 from the opening of 1.3172, with an intraday high at 1.3208, and a low at 1.3135. 

Earlier, Carney said that the BoE will support the British economy regardless of whether the government reaches a Brexit deal or not with the European Union, adding that the household spending patters reflect the impact of wage weakness more than concerns about Brexit. 

Otherwise, BoE Deputy Governor Ben Broadbent said from Liverpool as well that raising interest rates earlier this month came as a respond to the pound's tumble after Brexit, opening the door for a quick tightening of monetary policy in case demand continued to grow. 

He put the blame of wage growth squarely on weakness in productivity and the negative ramifications of Brexit on the pound, asserting the BoE will work to stabilize inflation in the medium term and improve employment. 

Otherwise, earlier US data showed unemployment claims rose to 249 thousand in the week ending November 11 from 239 thousand in the previous reading, while analysts expected a drop to 235 thousand, as import prices slowed down to 0.2% from 0.8% in September. 

The Philly Manufacturing Index slowed down sharply to 18.9 in November from 27.9 in October, missing analysts' expectations of a smaller drop to 24.5. 

US industrial production rose 0.9% in October, accelerating from 0.4% in September, revised upwards from 0.3%, while analysts expected a 0.5% increase, and finally, the Capacity Utilization Rate rose to 77.0 in October from 76.4%, beating expectations of a dip to 76.3%.