GBP/USD Little Changed, U.K. Public Sector Borrowing Improves.

GBP/USD is trading at 1.2491, up 0.0002. The pair is trading rangebound and just under the session highs. Market talk about global money flows is making the rounds. The U.K. Office for National Statistics ( ONS) reported that year over year public sector borrowing including banks in the U.K. dropped to 4.30 billion Sterling during October versus 5.94 billion Sterling a year ago.