Sterling falls on weak data and Brexit uncertainty

The British pound fell against the US dollar today, after the release of weak British data in addition to the lingering Brexit uncertainty.

Data showed today a decline in UK construction to 44.2 in October vs. 43.3 in September, lower than forecasts of 44.3.

The Brexit uncertainty in the UK continued, after Prime Minister Boris Johnson called for early elections on Dec.12, and the British Parliament agreed on it.

Johnson is betting on his n government and political future in these elections, which may overthrow his government.

As Johnson wants to have the British people support for his attempts to implement his proposal to leave the EU, weather by a deal or not.

As of 20:00 GMT, GBP/USD fell by 0.5% to 1.288, with an intraday high of 1.2943 and a low of 1.2875.