During European trading, the British Pound decreased against the US Dollar, trading below 1.3250 levels.
The GBP/USD currency lost ground in the European trading session, following lower than expected inflation data from the UK, pointing to more rate cuts by the Bank of England in the near future. In the UK, the Bank of England Credit Conditions Survey was released. In the US, Philadelphia Fed Manufacturing Index data for April (2.8% exp) will be released and Initial Jobless Claims (225 k exp) at 13:30 GMT+1.
