GBP/USD Trading Lower, U.K. CPI Rise Eases

GBP/USD is trading at 1.2427, down 0.0088. The pair is trading choppy and just above the session lows. Market chatter about comments from U.K. policy makers and economic data is making the rounds. The U.K. Office for National Statistics (ONS) reported that year over year consumer prices (CPI) in the U.K. rose 0.9 percent during October versus a 1 percent rise in September. On the month CPI eased to a rise 0.1 percent versus a rise of 0.2 percent in September. Year over year Core CPI rose 1.2 percent during October versus a rise of 1.5 percent in September.