GBP/USD Higher

The U.K. British pound is trading higher on Tuesday, with the GBP/USD at 1.5059, off the lows of the session and near the highs. A survey of U.K. PMI construction came in better than expected at 59.1 versus estimates of 57 and above the December level of 57.6. BOE chatter is making the rounds, as normal Bank of England member interviews are taking place. Trading is now range-bound after early overnight weakness following the Bank of Australia's rate cut.