GBP/USD Trading Lower, U.K. Public Sector Borrowing Falls

GBP/USD is trading at 1.2458, down 0.0055. The pair is trading choppy and a little above the session lows. The U.K. Office for National Statistics ( ONS) reported that public sector borrowing fell to 6.4 billion Sterling in December from 10.83 billion Sterling in November. The ONS is scheduled to release U.K. GDP (gross domestic product) Thursday at 4:30 a.m. ET.