GBP/USD Little Changed, U.K. Consumer Confidence Slides

GBP/USD is trading at 1.3163, up 0.0002. The pair is trading choppy and just above the session lows. Market chatter about Bank of England monetary policy and global money flows is making the rounds. GFK reported that U.K. consumer confidence for July slid to minus 12 from minus 1 in June. It was the steepest decline in more than 26 years and the lowest reading since the end of 2013.