During European trading, the British Pound decreased against the US Dollar, trading below 1.3400 levels.
The GBP/USD currency lost ground in the European trading session, as safe - haven demand rises for the US dollar as trade worries persist. In the UK, Nationwide HPI for April was released with data being lower than expected (3.4% realised vs 4.1% expected). In the US, ADP Nonfarm Employment Change for April (123k exp) will be released (13:15 GMT+1), GDP for Q1 (0.4% exp) will be posted (13:30 GMT+1) and Core PCE Price Index for March (2.6% exp) will be posted (15:00 GMT+1).