During European trading, the British Pound decreased against the US Dollar trading below 1.2670 levels.
For the last couple of days the pair has traded in a band, however the newest GDP data of the UK is exerting negative pressures on the pair. In the UK Q3 GDP data was published with worse than expected results (0.0% vs 0.1% expected). In the US, CB Consumer Confidence for December (113% exp) will be released (15:00 GMT).