GBP/USD Extends Losses

GBP/USD is trading at 1.2453, down 0.0125. The pair is trading very choppy and has extended the session losses. The U.K. Office for National Statistics (ONS) is scheduled to release United Kingdom producer price data (PPI) Tuesday at 4:30 a.m. ET. Some chatter about buyers near 1.2380 and sellers near 1.2527 is starting to show up.