Sterling on track for longest weekly losing streak since early 2015

Sterling fell in American trade on track for the sixth weekly loss in a row, the longest such streak of losses in 3-1/5 years against the greenback following earlier data from Britain and the US today. 

As of 07:16 GMT, GBP/USD fell 0.59% to 1.2569, with an intraday low at 1.2530, and a high at 1.2667. 

The CB leading index for Britain fell 0.4% in October, same as September, while UK PM Theresa May expressed hopes for an organized Brexit, especially with the EU confirming its plans to complete the deal. 

May's spokesperson said talks with the EU yesterday at the Summit were only a start, with a shared goal between both sides to reach a solution towards the Backstop plan, while May added she seeks a Parliament vote on Brexit soon next month. 

From the US, retail sales rose 0.2% in November, beating estimates of a 0.1% increase, while down from October's 1.1% increase. 

Core sales, excluding transportation, rose 0.2%, matching estimates and down from 1.1% in October. 

US industrial production rose 0.6% in November, compared to a 0.2% dip in October, beating estimates of a 0.3% increase.

The capacity utilization rate rose to 78.5% from 78.1%, slightly missing estimates of 78.6%. 

Finally, the manufacturing PMI receded to 53.9 from 55.4, while the services PMI slipped to 53.4 from 55.4, missing estimates of 54.7.