GBP/USD Little Changed, U.K. Trade Deficit Narrows

GBP/USD is trading at 1.3313, up 0.0006. The pair is trading rangebound. Market chatter about global headline news is making the rounds. The U.K. Office for National Statistics reported the trade deficit in the U.K. narrowed to 4.5 billion Sterling in July from an upwardly revised 5.6 billion Sterling deficit in June. Exports rose by 1.9 percent and imports declined by 0.5 percent.