Sterling on way for first weekly profit in four

Sterling rose in American trade to the highest since November 2 versus the dollar, following a basket of data from Britain and the US, the world's largest economy. 

As of 06:51 GMT, GBP/USD rose 0.40% to 1.3197 from the opening of 1.3146, with an intraday low at 1.3133, and a week high at 1.3230. 

Earlier UK data showed manufacturing production accelerated to 0.7% from 0.4% in August, besting expectations of 0.3%, while the goods trade deficit shrank to 11.3 billion pounds from 12.4 billion in August, below expectations of 12.9B. 

Otherwise, earlier US data showed the University of Michigan's Consumer Sentiment survey fell to 97.8 in November from 10.7 in October, revised upwards from 101.0, while analysts expected 100.8.