Sterling on track for fourth weekly losses against dollar

Sterling tilted lower in American trade on track for the fourth weekly loss in a row against the dollar, while still heading for monthly gains, following earlier data from Britain and a speech by Fed Governor John Williams today. 

As of 05:17 GMT, GBP/USD shed 0.15% to 1.2772, with an intraday low at 1.2735, and a high at 1.2810. 

Earlier UK data showed the Nationwide House Price index rose 0.3%, compared to no change in October, and beating estimates of a 0.1% addition. 

UK Prime Minister Theresa May warned in earlier remarks that if Parliament voted against her Brexit plan, the country would be divided and the economy endangered, adding she won't comment yet on her emergency plans.  

Otherwise, Federal Reserve Bank of New York President John Williams said in earlier remarks today that he believes neutral levels for interest rates to be low, while asserting the importance of maintaining long-term inflation outlook steady. 

The Fed released the minutes of its November 7-8 meeting yesterday, at which there were discussions on the timeline for stopping overnight rate hikes in the future.