GBP/USD Little Changed, Mortgage Approvals Improve

GBP/USD is trading at 1.2173, up 0.0002. The pair is trading rangebound and near the session lows. Market chatter about money flows and weekend headline news is making the rounds. The Bank of England (BOE) reported that loan approvals for house purchases in the United Kingdom rose to 62,930 in September versus a level of 60,980 in August. The BOE reported that consumer credit in the United Kingdom slipped to 1.405 billion Sterling in September versus a level of 1.635 billion Sterling in August.