Sterling edges up versus the dollar

Sterling tilted higher in American trade versus the greenback following a spate of data from Britain and the US, the world's largest economy. 

As of 05:13 GMT, GBP/USD rose 0.27% to 1.3195 from the opening of 1.3159, with an intraday high at 1.3201, and the lowest since October 9 at 1.3088. 

Earlier UK data showed net public borrowing rose to 5.3 billion pounds from 4.1 billion, revised down from 5.1B in August, while analysts expected an increase of 5.7 billion.

Similarly, UK Prime Minister Theresa May said in earlier remarks on Brexit that she feels optimistic towards the negotiating process, adding that her country has made it clear to the union that there's no need for worry over the fiscal budget, and that Britain will keep up its obligations towards the Union throughout the exit process. 

Otherwise, US existing home sales rose 0.7% in September to an annualized 5.39 million units, compared to a 1.7% decline in August to 5.35 million, while analysts expected a 0.9% drop to 5.30M, as President Donald Trump continues to meet with potential candidates for the Federal Reserve Chair job in February.