Sterling settles lower ahead of Parliament's no-confidence vote on the PM

Sterling tilted lower in American trade off November 15 highs against dollar, following earlier data from the UK and the US while the British Parliament is voting on a no-confidence vote in the PM. 

As of 05:10 GMT, GBP/USD shed 0.07% to 1.2852, with an intraday low at 1.2825, and a high at 1.2896. 

Bank of England Governor Mark Carney testified ahead of Parliament where he warned from slower growth in China, with recent trade data indicating a sharp decline. 

Carney expects Chinese growth to recede to 5% and for exports to approach 6%, in turn impacting global trade and growth. 

Otherwise, earlier UK data showed inflation up 0.2% as expected, while slowing down to 2.1% y/y as expected as well. 

Input producer prices fell 1%, compared to a 2.6% drop in November, while housing prices rose 2.8% y/y, up from 2.7% in October. 

Earlier US data showed import prices fell 1.0%, compared to a 1.9% drop in November, while beating estimates of a 1.3% drop, as an index tracking the housing sector widened to 58 from 56.  

Markets now await the Beige Book, which is released two weeks before the Federal Reserve's meeting and upon which, policymakers base their decisions and forecasts.