Sterling fell to June 17, 2017 lows against dollar in American trade, following an array of data from Britain and the US today.
As of 04:55 GMT, GBP/USD shed 0.19% to 1.2699, with an intraday high at 1.2737, and a 14-month nadir at 1.2662.
Earlier UK data showed consumer prices unchanged in July as expected on a monthly basis, while increasing 2.5% y/y, up from 2.4% in June.
Core prices, excluding food and energy, rose 1.9%, unchanged from the previous reading.
An index tracking producer prices with regard to "output" products rose 0.5% m/m, up from 0.3% in June, while accelerating to 10.9% y/y, up from 10.3% in June.
U.K. Foreign Secretary Jeremy Hunt warned in earlier remarks that the impact of a Brexit without a deal with the European Union would be "significant" in the short term, however, he believes the economy would eventually "“find a way to get through it”.
US Data
Earlier US data showed retail sales rose 0.5% in July, supported by strong sales in the Amazon Prime Day, and beating estimates of a 0.1% increase.
An index tracking the manufacturing sector in New York state rose to 25.6, the best reading since October 2017, while unit labor costs tumbled 0.9% in the second quarter, the first such decline since the last quarter of 2013, and compared to a 2.9% increase in the first quarter.
Non-farm productivity jumped 2.9% in the second quarter, up from 0.4% in the first.
A drop in unit labor costs harms inflation and wage growth prospects, with the same effect from an increase in productivity.
US industrial production barely grew 0.1% in July, compared to a 1% increase in June, revised from 0.6%, while analysts expected a 0.3% increase.
The capacity utilization rate remained unchanged at 78.1% in July, slightly missing estimates of 78.2%.