Sterling climbs off November lows versus dollar

Sterling rose against the dollar away from November 20 lows, following earlier data from the US, and amid a lack thereof from Britain, and ahead of the release of the Federal Reserve's Beige Book. 

As of 05:44 GMT, GBP/USD rose 0.29% to 1.3287 from the opening of 1.3248, with a session-high at 1.3307, and a low at 1.3242. 

Earlier US data showed the private sector added 178 thousand new jobs in May, compared to 163K in April, and missing expectations of 191K. 

US GDP grew 2.2% in the second quarter, missing estimates of 2.3%, while GDP prices rose 1.9%, missing forecasts of 2%. 

Wholesale inventories were not changed in April, compared to a 0.3% rise in March, while analysts expected a 0.4% increase, as markets await the Beige Book, upon which Federal Reserve policymakers depend for their policy views and decisions.