GBP/USD Trading Lower, U.K. Business Investment Falls

GBP/USD is trading at 1.2447, down 0.0039. The U.K. Office for National Statistics (ONS) reported that U.K. business investment fell 1 percent during the fourth quarter of 20916 versus a rise of 0.4 percent in the third quarter. Year over year, U.K. business investment fell 0.9 percent during the fourth quarter versus a 2.2 percent fall in the third quarter.