Sterling edges down against dollar

Sterling tilted lower in American trade against the dollar, marking the lowest sine July 12, following an array of data from the US, and amid a lack thereof from Britain. 

As of 05:37 GMT, GBP/USD fell 0.04% to 1.2863 from the opening of 1.2868, with an intraday high at 1.2917, and a five-week trough at 1.2832. 

Earlier from the US, University of Michigan released its preliminary reading for the consumer sentiment survey, which came at 97.6 in August, compared to July's 93.4, and comfortably beating expectations of 94.0. 

The current economic conditions index in the same survey fell to 111.0 from 113.4, while the economic outlook index rose to 89.0 from 80.5 last month. 

Inflation outlook for one year steadied at 2.6%, the same as July, while five-year inflation outlook fell to 2.5% from 2.6%, and finally, Federal Reserve Bank of Dallas President Robert Kaplan spoke at the Dallas County Community College, where he expressed his belief GDP growth will be above 2% this year.