Sterling settles lower vs. dollar for third session in row

Sterling gave up ground against the dollar in American trade, following earlier data from Britain and the US, the world's largest economy. 

As of 04:11 GMT, GBP/USD fell 0.36% to 1.2834 from the opening of 1.2881, with an intraday high at 1.2927, and the lowest since June 28 at 1.2832. 

Earlier from Britain, Bank of England Chief Economist Andy Haldane participated in a panel discussion at the 'Essentials of Numeracy' launch event, in London, while BOE Deputy Governor Ben Broadbent spoke at the Scottish Council for Development and Industry, in Aberdeen, where he mentioned the weakening trade activities following Brexit, which might lead to higher prices. 

Broadbent added that global trade has suffered considerably since the Global Financial Crisis of 2008, stating that trade activity might impact living costs, but won't lead to job losses in Britain, asserting the importance of negotiations specific trade points with the European Union that works in Britain's favor, while otherwise, UK Foreign Affairs minister Johnson Boris said the EU conditions for Brexit are akin to blackmail, and the sums the EU is demanding from the kingdom aren't logical, adding there's no plan to roll back the exit process because Britain will make a new deal. 

Otherwise, earlier US data showed an unexpected drop in the JOLTS job openings survey in May, while last week, data showed the economy created 222 thousand new jobs last month, while the unemployment rate rose to 4.4%, as average hourly earnings accelerated below expectations.

On another note, markets await Brainard's speech, while Fed Chair Janet Yellen is scheduled to testify about monetary policy tomorrow ahead of the House of Representatives Financial Services Committee, and on Thursday ahead of the Senate Banking Committee in Washington.