Sterling glides below 1.3 vs. dollar for first time in three sessions

Sterling tilted lower in American trade against the dollar after earlier data from Britain and the U.S., and following the deadly attack on Manchester City, described as an act of terrorism by Prime Minister Theresa May, who announced a hold from campaigning for an indefinite time. 

As of 05:19 GMT,GBP/USD fell to 1.2987 from the opening of 1.300, with an intraday low at 1.2953, and a high at 1.3034. 

Earlier U.K. data showed the net public sector borrowing in April up to 9.6 billion pounds from 2.3 billion in March, above expectations of 8.0 billion, while the CBI Realized Sales slowed down more sharply than expected in May. 

On another note, earlier U.S. data showed a steep drop in new home sales in April, while the Richmond manufacturing index fell more than expected in May, as investors await the unveiling of the first full budget proposal by U.S. president Donald Trump, aiming at cutting government spending by $3.6 trillion and balancing the budget by the next decade. 

Markets also await speeches by Federal Reserve Bank of Minneapolis President Neel Kashkari and Federal Reserve Bank of Philadelphia President Patrick Harker later today, after markets priced in a probable Fed rate hike in June meeting, and ahead of the release of Fed's minutes for the May 2-3 meeting tomorrow.