During Asian trading, the British Pound inched lower against the US Dollar trading below 1.2600 levels.
The GBP/USD fell slightly after cautious Fed meeting minutes were released in yesterday’s session. In the UK, no data releases are scheduled today. In the United States, Q3 GDP figures (2.8% expected), Durable Goods orders for October (-0.8% exp) and Initial Jobless Claims data (220k exp) will be released (13:30 GMT). US PCE Price Index for October (2.7% last month) will be posted (15:00 GMT).