GBP/USD Little Higher Ahead of Data and BOE

GBP/USD is trading at 1.2688, up 0.0031 The pair is trading at session highs. Market talk about global headline news and comments from policy makers is making the rounds. The U.K. construction PMI (purchasing managers survey) is scheduled for release at 4:30 a.m. 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. The BOE inflation report is also due out.