Sterling trades flat against dollar in American trade

Sterling tilted lower against the dollar in American trade, following an array of data from Britain and the US, the world's largest economy. 

As of 05:52 GMT, GBP/USD shed 0.02% to 1.2930 from the opening of 1.2933, with an intraday low at 1.2922, and a high at 1.2979.

Earlier UK data showed the Nationwide House Price Index down 0.1% in August, compared to a 0.2% rise in July, while analysts expected no change. 

Similarly, the British government spokesperson said that the kingdom believes it's in a good position in the negotiating process with the European Union, and as both sides discuss the terms of the exit and how to guide future relations. 

From the US, earlier data showed the S&P/CS Composite-20 House Price Index slowed down in growth to 0.11% m/m from 0.13% in June, besting expectations of 0.10%, while on a yearly basis, the index steadied at 5.7%, above forecasts of 5.6%. 

The CB Consumer Confidence survey in the US rose to 122.9 in August from 120.0 in July, revised lower from 121.1, while analysts expected 120.9, as investors now await second-quarter GDP readings tomorrow and labor data for August.