Sterling settles below 1.32 versus dollar

Sterling tilted lower in American trade versus the greenback, following a basket of data from Britain and the US, the world's biggest economy. 

As of 05:03 GMT, GBP/USD shed 0.23% to 1.3175 from the opening of 1.3205, with an intraday high at 1.3229, and a one-week low at 1.3135. 

Earlier UK data showed retail sales fell 0.8% in September, compared to a 0.9% increase in August, and missing expectations of a 0.1% dip, while on a yearly basis, sales slowed down to 1.6% from 2.6%, missing forecasts of 2.2%, as core sales slid 0.8%, compared to a 0.9% rise in August, while analysts expected a small 0.1% slip, and finally, core sales slowed down 1.2% on a yearly basis from 2.3%, missing forecasts of 2.1%. 

UK Prime Minister Theresa May said in earlier remarks that EU citizens can continue living in Britain after leaving the Union, noting that the rights of citizens were one of the most important issues for the government.

There are about 3.2 million EU citizens living currently in the United Kingdom, with a counter figure of 1.2 million British citizens living in EU countries. 

Otherwise, earlier US data showed unemployment claims down to 222 thousand from 244 thousand, below expectations of 240K, while the Philly manufacturing index jumped to 27.9 in October from 23.8 in September, besting expectations of 21.9, as the CB leading index dipped unexpectedly in May, and finally, President Donald Trump is scheduled to meet with Federal Reserve Chair Janet Yellen later.