Sterling dips below 1.3 vs. dollar for first time in three sessions

Sterling titled lower for the fourth straight session against the dollar, following earlier data from Britain and the US, the world's largest economy. 

As of 04:37 GMT, GBP/USD fell 0.25% to 1.2990 from the opening of 1.3022, with an intraday high at 1.3033, and a one-week low at 1.2933. 

Earlier UK data showed retail sales up 0.9% last month, after falling 1.5% in May, while besting expectations of a 0.5% rise, while sales rose more than expected on a yearly basis as well, alongside core prices. 

Otherwise, earlier US data showed a bigger than expected drop in weekly unemployment claims, while the Philly manufacturing index slid to 19.5 in July from 27.6, missing expectations of 23.4.