Sterling declines vs. dollar for first time in three sessions

Sterling titled lower in American trade against the dollar following earlier data from Britain and the US, and after European Commission president Jean-Claude Juncker said there's a state of anger in the European Union towards Britain, which could divide the union.

As of 05:33 GMT, GBP/USD fell to 1.2718 from the opening of 1.2731, with an intraday low at 1.2706, and a high at 1.2760. 

Earlier UK data showed mortgage approvals down to 40.3 thousand in line with expectations, compared to 40.7K in April, while Juncker said the United Kingdom isn't ready to give any concessions, while the European Union might have to back off a bit in the current talks, mentioning how the Brexit negotiations timetable is tight, while extending it might be useful for both parties. 

Bank of England Governor Mark Carney is expected to talk about financial stability in London, half an hour after the release of the financial stability report by the BoC tomorrow, while Carney is also scheduled to speak in Portugal during the European Central Bank forum on Central Banking.

From the US, earlier data showed durable goods order down more than expected in May, while core orders rose below expectations in the same month. 

Similarly, San Francisco Federal Reserve Governor John Williams said in a speech that he expects inflation to hit 2% by 2018, pointing to the strength of the US labor sector, and projecting unemployment rates to continue falling before steadying at slightly above 4% until 2018. 

Williams asserted to the importance of carrying on the tightening agenda by the Federal Reserve to ensure sustainable growth for the economy, while noting the bank doesn't intend to cause ruptures in the global markets, and expecting to start the plan to trim down the balance sheet later this week, mentioning there's no obstacle to increase interest rates and cut down the balance sheet at the same time.