GBP/USD Higher, Exports Improve

GBP/USD is trading at 1.3178, up 0.0047. The pair is trading rangebound. Market chatter about economic data and global headline news is making the rounds. The Confederation of British Industry's (CBI) Industrial trends survey showed U.K. order book balance slipped to minus 5 in August versus minus 4 in July. Stocks of finished products eased to 4 from 8. Output orders rose to 11 from 6 in July and price xpectations improved to 8 from 5. Export order books were the strongest since August of 2014 rising to minus 6 from minus 22.