GBP/USD Higher Ahead of Data and BOE

GBP/USD is trading at 1.2706, up 0.0047. The pair is trading near the session highs as overseas forex traders wind down trading for the day. Market chatter about U.K. economic data and the Bank of England (BOE) policy decision due out Thursday is making the rounds. Talk about the U.S. Federal Reserve policy decision due out later today is ongoing. The U.K. Office for National Statistics is scheduled to release Retail Sales figures Thursday at 4:30 AM ET. The Bank of England (BOE) Monetary Policy Committee (MPC) is scheduled to announce if there is any change to monetary policy or quantitative easing levels and release minutes at 7:00 a.m. ET.