Sterling swoons to two-month trough versus dollar

Sterling slid to the lowest since June 27 against the dollar in American trade, following an array of data from the US, and amid a lack thereof from Britain. 

As of 05:37 GMT, GBP/USD shed 0.30% to 1.2786 from the opening of 1.2824, with a two-month low at 1.2780, and a session-high at 1.2834. 

Earlier US data showed the manufacturing PMI slowed down unexpectedly, while services PMI widened more than expected according to preliminary readings for August, as new home sales tumbled unexpectedly in July.