Sterling hovers near mid-2016 highs against dollar

Sterling tilted lower in American trade to near 1.38 against the dollar, still hovering near June 24, 2016 highs, following a stream of data from Britain and the US, the world's largest economy. 

As of 04:37 GMT, GBP/USD declined 0.17% to 1.3769 from the opening of 1.3792, with an intraday low at 1.3742, and a high at 1.3806. 

Earlier UK data showed consumer prices accelerated to 0.4% m/m in line with expectations from 0.3% in November, while slowing down to 3.0% y/y as expected from 3.1%. 

Core consumer prices slowed down to 2.5% y/y in December from 2.7%, missing expectations of 2.6%, while Input Producer Prices slowed down sharply to 0.1% m/m from 1.6% in November, missing forecasts of 0.5%. 

On a yearly basis, Input producer prices slowed down to 4.9% from 7.3%, missing forecasts of 5.3%, and finally the House Price Index slowed down as well to 5.1% from 5.4% in October, beating forecasts of 4.2%. 

Otherwise, earlier US data showed the Empire State Manufacturing Index dipped to 17.7 in January from 18, missing expectations of 18.5.