Sterling settles lower versus dollar

Sterling titled lower against the dollar following a basket of data from Britain and the US, the world's largest economy. 

As of 05:43 GMT, GBP/USD shed 0.05% to 1.3158 from the opening of 1.3165, with an intraday low at 1.3131, and a high at 1.3214. 

Earlier UK data showed the unemployment rate settling at its lowest since 1975 at 4.3% in line with expectations in the three months ending September, while average wages slowed down to 2.1% from 2.3%, as jobless claims fell 1.5 thousand to 1.1 thousand, while analysts forecast 2.0K. 

Bank of England Deputy Governor Jon Cunliffe said in earlier remarks that he prefers to wait for indications of wage growth before embarking on policy tightening, noting that inflation has started to slowdown alongside the softening impact of the pound's slump, while inflation expectations steadied at historic means. 

Otherwise, earlier US data showed consumer prices rose just 0.1% in October in line with expectations, down from September's 0.6% increase, while core prices, excluding food and fuel, rose 0.2% m/m, matching forecasts and above September's 0.1% reading. 

US retail sales rose 0.2% m/m in October, beating expectations of no-change and slowing down sharply from September's 1.9% rise, revised higher from 1.6%, while core sales, excluding automobiles, rose 0.1%, below expectations of 0.2%, and compared to September's 1.2% rise, revised higher as well from 1.0%. 

The Empire State Manufacturing Index slid in November to 19.4, missing expectations of 25.5 and sharply down from October's 30.2. 

On another note, Federal Reserve Chicago Governor Charles Evans spoke in London in a discussion panel, where he said all options are on the table for the Federal Reserve in December, according to the economic data available until then. 

Evans said the Fed will take three to four years before putting the balance sheet back to normal size, expressing his concerns about factors limiting growth of inflationary pressures in the US, despite asserting the strong and solid foundation of the economy.