GBP/USD Moves Down

GBP/USD is trading at 1.2422, down 0.0033. The pair is trading very choppy and has moved down from the Asian session highs and is trading at the session lows. Market talk about recent comments from U.K. policy makers is making the rounds. The Bank of England (BOE) is scheduled to release consumer credit figures and mortgage approval data Tuesday at 4:30 a.m. ET.