GBP/USD Trading Lower Ahead of Data

GBP/USD is trading at 1.2744, down 0.0115. The pair is trading just above the session lows as overseas traders wind down trading for the day. Market chatter about comments from policy makers and money flows has kept both buyers and sellers active. Chatter about U.K. economic data due out Wednesday is starting to make the rounds. The U.K. Services purchasing managers survey (PMI) is scheduled for release Wednesday at 4:30 a.m. ET.