GBP/USD New Multi-Year Lows

GBP/USD is trading at 1.2763, down 0.0096. The par is trading just above the session lows and has extended the losses seen from the Brexit vote decline. Chatter about comments from U.K. and Euro area policy makers is constant. The U.K. September Construction PMI (purchasing managers survey) rose to 52.3 in September versus 49.2 in August. The U.K. Services PMI is scheduled for release Wednesday at 4:30 a.m. ET.