GBP/USD Trading Higher, House Prices Slip

GBP/USD is trading at 1.3156, up 0.0030. The pair is trading rangebound after Thursday's steep decline. The overnight range is narrow. Market chatter about various comments by U.K. policy makers has kept both buyers and sellers active. The U.K Halifax House Price Index fell 1 percent in July versus a downwardly revised 1.2 percent gain in June. Year over year house prices remained up 8.4 percent.