Sterling declines for first session in three versus dollar

Sterling fell in American trade against the dollar following earlier data from Britain and the US, and after remarks by UK Prime Minister Theresa May on Brexit. 

As of 04:40 GMT, GBP/USD fell 0.33% to 1.3138, with an intraday high at 1.3193, and a low at 1.3099. 

Earlier UK data showed consumer prices rose 0.1%, slowing down from 0.7% and missing estimates of 0.3%, while on a yearly basis, prices slowed down to 2.4% from 2.7%, as core prices slowed down as well to 1.9% from 2.1%. 

Input producer prices rose 1.3% m/m, up from 1.2% and beating estimates of 0.85%, while accelerating to 10.3% y/y from 9.4%, as an index tracking house prices rose 3.2%, slowing down from 3.4% in July. 

UK Prime Minister Theresa May said her Brexit Chequers plan is still in play, adding it doesn't make sense to analyze a final Brexit deal before reaching such a deal first with the EU, and committing her government to the financial obligations to the EU. 

Otherwise, earlier US data showed housing starts fell 5.3% in September to an annualized 1.201 million units, compared to a 7.1% surge in August, and edging estimates of a 5.6% drop. 

Building permits fell 0.6% last month to 1.241 million units, compared to a 4.1% decline in August, and missing estimates of a 2% increase. 

Federal Reserve Governor Lael Brainard will deliver a speech titled "Fintech and Financial Inclusion" at the Federal Reserve Bank of Boston's Fintech conference later today, while the Fed is slated to release its minutes for the September 25-26 meeting. 

US President Donald Trump accused the Federal Reserve of causing a sharp correction in markets with its interest rate policy, considering it too strict and a "mistake".