GBP/USD Little Higher, U.K. Government Borrowing Declines

GBP/USD is trading at 1.2998, up 0.017. The pair is trading rangebound and a little under the session highs. Market talk about headline news and comments from various U.K. policy makers is making the rounds. The U.K. Office for National Statistics (ONS) reported that year over year government borrowing declined in August. The agency said borrowing dropped 0.9 billion sterling to 10.5 billion sterling.