GBP/USD Higher, U.K. Consumer Spending Improves

GBP/USD is trading at 1.2251, up 0.0017. The pair is trading choppy and a little higher on the day. The Confederation of British Industry's (CBI) survey for volume of sales reported during October rose to 21 versus minus 8 in September. The CBI survey showed November volume of orders expected slipped to minus 8 from minus 2 in October. The survey for orders reported during October firmed to minus 3 from minus 8 in September. The report survey showed November volume of sales expected rose to 21 from 7 in October.