GBP/USD Little Changed, U.K. Construction PMI Edges Up

GBP/USD is trading at 1.2274, up 0.0005. The pair is trading rangebound after Wednesday's soft trading session. Chatter about European headline news is making the rounds. The U.K. construction PMI (purchasing managers survey) for February edged up to 52.5 versus 52.2 in January.