Sterling dips against dollar for first time in four days

Sterling gave up ground against the dollar in American trade amid a lack of data from Britain today, and following earlier economic developments from the US, the world's largest economy. 

As of 04:30 GMT, GBP/USD fell 0.29% to 1.3084 from the opening of 1.3121, with an intraday low at 1.3077, and the highest since September 16 at 1.3159. 

Earlier, the British Committee responsible for the negotiating process with the European Union expressed its confidence in Britain's ability to make actual progress in the coming talks with the EU in October, while asserting the readiness to move to the next level of negotiations, before the European Commission president Juncker stated the possibility of delaying Brexit talks to beyond October, mentioning that the talking process between the two sides have been slow so far. 

Otherwise from the US, earlier data showed durable goods orders rose above expectations in June, as core orders, excluding transportation, slowed down unexpectedly. 

Similarly, the US goods trade deficit shrank more than expected, as wholesale inventories rose sharply in May past forecasts, and finally, unemployment claims rose more than expected last week. 

On Wednesday, the Federal Reserve voted to maintain overnight interest rates at between 1% and 1.25% in the Federal Open Market Committee's policy meeting in Washington, while asserting their intention to start normalizing their massive $4.5 trillion balance sheet later this year.