Sterling edges up for second straight day versus dollar

Sterling tilted higher in American trade off June 2017 lows versus the dollar, while still heading for the sixth weekly loss in a row, the longest such losing streak since early 2017, following earlier consumer data from the US and amid a lack thereof from Britain today. 

As of 03:30 GMT, GBP/USD rose 0.14% to 1.2734, with a session-high at 1.2749, and a low at 1.2697. 

From the US, the University of Michigan released its consumer sentiment survey for August, showing an unexpected drop to 95.3 from 97.9 in July, while analysts estimated 98.1. 

An index that combines 10 different economic indicators into a single one rose 0.6% in July, up from 0.5% in June, and beating estimates of 0.4%.