GBP/USD Higher

The U.K. British Pound is trading higher as Europe winds down trading for the day. GBP/USD traded mostly higher Wednesday after U.K. employment data showed last quarter's unemployment rate in the U.K was 5.7%. Trading has been firm and steady most of the U.S. session. Last check the GBP/USD was trading at 1.5440 up .00086 ahead of today's release of the January 28th FOMC minutes. Market talk for the pair is primarily focused on monetary policy changes, if any, by the Bank of England.