GBP/USD Little Higher, UK Mortage Approvals Rise

GBP/USD is trading at 1.2438, up 0.0012. The pair is trading just near unchanged on the session. Market talk about global headline news and recent comments from U.K. policy makers is making the rounds. The British Bankers' Association (BBA) reported that October mortgage approvals rose to 40,850 versus 38,700 in September. The U.K. Office for National Statistics is scheduled to release U.K gross domestic product (GDP) Friday at 4:30 a.m. ET. Trading is rangebound and the overnight range is moderate. Chatter about sellers near 1.2530 and buyers near 1.2350 is showing up.