GBP/USD Trading Higher, U.K. Contruction PMI Edges Up

GBP/USD is trading at 1.2269, up 0.0033. The pair is trading a little under the session highs. Market talk global money flows and Bank of England (BOE) monetary policy is making the rounds. The U.K. October construction PMI (purchasing managers survey) edged up to 52.6 from 52.3 in September. The U.K. services PMI (purchasing managers survey) is scheduled for release Thursday at 5:30 a.m. ET. The Bank of England (BOE) Monetary Policy Committee (MPC) meets Thursday and is scheduled to announce if there is any change to monetary policy at 8:00 a.m. ET. Some talk about buyers near 1.2177 and sellers near 1.2317 is starting to show up.