GBP/USD Moves Down, U.K. CBI Oder Survey Improves, Exports Slip.

GBP/USD is trading at 1.2438, down 0.0049. The pair is trading choppy and near the lows of the session. The Confederation of British Industry (CBI) order book balance survey for November showed a rise minus 3 versus minus 17 during October. Industry output expectations for the next three months rose to 24 versus 13 in October. Price expectations rose to 19 from 8. Export orders fell to minus 11 from minus 6.