During Asian trading, the British Pound inched lower against the US Dollar trading above 1.2600 levels.
The GBP/USD pair traded without much conviction on Tuesday morning, as markets awaited tomorrow’s important UK CPI Inflation data. In the UK, Car Registration figures for October (1% last month) will be posted (07:00 GMT). In the United States, Housing Starts (1.340 mln exp) and Building Permits data (1.440 mln exp) for October will be released (13:30 GMT).