GBP/USD little lower

GPB/USD is trading at 1.5417, down 0.0008. The U.K. British Pound has seen a range-bound trading session Monday. The GBP/USD has been trading mostly lower in steady trading. Bank of England data released overnight showed British consumer credit rose at the end of last year but is still below levels seen in 2007. People are paying down debt a bit more than borrowing.