GBP/USD Little Changed, NIESR See UK GDP at 1.7 percent.

GBP/USD is trading at 1.3337, up 0.0003. The pair is trading rangebound on both sides of unchanged. Market talk about U.S. economic data and money flows is making the rounds. The National Institute of Economic and Social Research (NIESR) has forecast that U.K. GDP (gross domestic product) will be 1.7 percent in 2016 and 1.0 percent in 2017. The group sees fourth quarter CPI (consumer prices) at 0.8 percent and fourth quarter 2017 CPI at 3.1 percent year over year.