Sterling falls to two-month trough vs. dollar

Sterling kept falling against the dollar for the second session, hitting its lowest since the end of October, following earlier data from the U.S. and British economies.
 
As of 07:28 GMT, GBP/USD traded at 1.2229, down from the opening of 1.2266, with an intraday low at 1.2198, and a high at 1.2297.
 
Earlier U.K. data showed the BBA Mortgage Approvals index down by a hundred to 40.7 thousand approvals in November from 40.8K in October, while analysts expected a rise to 41.6K, while U.S. pending home sales fell 2.5% in November, missing expectations of a 0.6% rise, and compared to October's 0.1% rise.