GBP/USD Little Higher Ahead of BOE Rate Decision

GBP/USD is trading at 1.2331, up 0.0029. The pair is trading rangebound and in the middle of the session range. The Bank of England (BOE) is scheduled to announce if there is any change to BOE monetary policy and quantitative easing levels. The BOE will also release policy minutes and the bank's inflation report at 8:00 a.m. ET. Trading is expected to be choppy with a possible wide range.