GBP/USD Higher, U.K. Construction PMI Improves

GBP/USD is trading at 1.2270, up 0.0028. The pair is trading a little under the session highs. U.K. construction PMI (purchasing managers survey) for December improved to 54.2 from 52.8 in November. The Bank of England (BOE) reported that loan approvals for house purchases in the United Kingdom rose to 67,500 during November versus a downwardly revised 63,370 in October.