GBP/USD Little Changed, U.K. Construction Slips

GBP/USD is trading at 1.2217, down 0.0008. The pair is trading rangebound and on both sides of unchanged. The U.K. Office for National Statistics reported that August construction output slipped 1.5 percent. Year over year construction output rose by 0.2 percent after a downwardly revised 1 percent fall in July.