The British pound lost minor ground vis-à-vis the U.S. dollar today as cable tested bids around the US$ 1.6430 level and was capped around the $1.6520 level. Traders await the release of Bank of England€™s quarterly inflation report tomorrow. Data released in the U.K. today saw the June DCLG house price index off 10.7% while the June goods trade deficit increased to ‚¤6.5 billion from ‚¤6.2 billion. Other news out of the U.K. today suggests the BoE earned more than a 10% return on its ‚¤918 million portfolio of corporate bonds. Cable bids are cited around the US$ 1.6215 level. The euro moved higher vis-à-vis the British pound as the single currency tested offers around the ‚¤0.8615 level and was supported around the ‚¤0.8560 level.