GBP/USD Higher, UK Manufacturing PMI Edges Down

GBP/USD is trading at 1.2243, up 0.0014. The pair is trading modestly choppy. Market chatter about money flows and comments from various U.K. economic policy makers has kept buyers and sellers active. The U.K. manufacturing PMI (purchasing managers survey) slipped to 54.3 during October from 55.4 in September. The Bank of England (BOE) Monetary Policy Committee (MPC) meets Thursday. The BOE is scheduled to announce if there is any change to monetary policy and release minutes along with the BOE inflation report at 8:00 a.m. ET.