Sterling loses ground against dollar

Sterling tilted lower against the dollar in American trade, following a basket of data from Britain and the US, the world's largest economy, while markets await speeches by Federal Reserve Governor Randal Quarles and Chair Janet Yellen. 

As of 06:29 GMT, GBP/USD declined 0.14% to 1.3153 from the opening of 1.3171, with an intraday low at 1.3109, and a high at 1.3178. 

Earlier UK data showed the Halifax House Price Index slowed down to 0.3% from 0.8% in September, beating expectations of 0.2%, while the British Brexit minister Stephen Baker said in earlier remarks that the government will need three weeks to release 58 studies on the ramifications of Brexit on the economy. 

Baker said the analyses were being updated and developed to reach a solid body of evaluations towards Brexit across many sections, noting the government will take some time to gather the information and pass it the Parliament. 

Earlier US data showed JOLTS Job Openings steadied at 6.09 million in September, same as August's reading, while analysts expected a dip to 5.98 million.

Otherwise, Federal Reserve Governor Randal Quarles is due to speak at The Clearing House Annual Conference, in New York, while Federal Reserve Chair Janet Yellen is due to deliver acceptance remarks at the presentation of the Paul H. Douglas Award for Ethics in Government, in Washington DC