GBP/USD Trading Lower, UK Manufacturing PMI Falls

GBP/USD is trading at 1.3179, down 0.0042. The pair is trading just above the session lows. Market chatter about Bank of England (BOE) monetary policy and global headline news is making the rounds. The U.K. July manufacturing purchasing managers survey (PMI) fell to 48.2 from 52.1 in June. It was the lowest level since February 2013. The Bank of England (BOE) meets Thursday.