GBP/USD is trading at 1.3049, up 0.0053.
The pair is trading choppy and some of the session gains have eroded.
Market chatter about headline news, central bank monetary policy and U.K. economic data due out this week is making the rounds.
The U.K. Office for National Statistics ( ONS) is scheduled to release public sector borrowing figures Wednesday at 4:30 a.m. ET.
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