Sterling resumes decline for eighth session out of nine

Sterling fell in American trade to near 14-month lows versus the dollar, following a basket of data from Britain and the US today. 

As of 03:59 GMT, GBP/USD fell 0.27% to 1.2737, with an intraday low at 1.2733, and a high at 1.2827. 

Earlier UK data showed average earnings rose 2.4% in the three months ending June, missing estimates of 2.5%, and slowing down from 2.5% in May. 

UK jobless claims rose 6.2 thousand in July, missing estimates of a 2.3K increase, and compared to a 7.8K addition in the previous reading, while the unemployment rate fell to 4.0% in the three months ending June, the lowest since 1975, and beating estimates of 4.2%. 

Otherwise, earlier US data showed import prices unchanged in July, compared to a 0.1% m/m dip in June, and missing estimates of a 0.1% increase, while prices excluding petroleum slipped 0.1%, compared to a 0.4% decline in June. 

On a yearly basis, prices rose 4.8% last month, up from 4.7% in June, and beating estimates of 4.5%.