Sterling rises as Brexit talks resume

The British pound rose on Monday, despite the release of weak economic data, but sterling was lifted after the resumption of the Brexit talks between the European Union and the United Kingdom.

The European Commission revealed earlier this week launching a new round of Brexit talks with the UK in attempts to resolve the remaining differences between the two sides.

Data showed that the UK's mortgage approvals index rose to 98K during the past month, beating forecasts of 85K, while the M4 money supply index rose by 0.6%, missing forecasts of 1%.

Net lending to Individuals was at 3.7 billion pounds in October, while analysts forecast 4.7 billion pounds.

As of 20:44 GMT, GBP/USD rose 0.1% to 1.3333, after hitting a high of 1.3382, and a low of 1.3305.