Australian dollar rose in Asian trade versus its US counterpart following earlier upbeat labor data from Australia and ahead of US data later today.
As of 04:44 GMT, GBP/USD rose 0.30% to 0.7130, with an intraday high at 0.7137, and a low at 0.7105.
Earlier Australian data showed an index tracking business confidence in the third quarter fell to 3 from 7 in the second quarter, as the unemployment rate fell to mid-2001 lows at 5.0% from 5.3%.
Now markets await the US Philly Manufacturing Index, expected to decrease to 19.7 from 22.9, while unemployment claims for the week ending October 13 are estimated to have fallen by 4 thousand to 210 thousand.
Continuing claims for the week ending October 6 are expected to have risen by 6 thousand to 1.668 million, while the CB leading index is estimated with a 0.5% increase, up from 0.4% in August.
Otherwise, Federal Reserve Governor Randal Quarles is due to speak about the economic outlook at the Economic Club of New York luncheon later today.