GBP/USD Trading Steady, U.K Trade Deficit Little Changed

GBP/USD is trading at 1.2157, up 0.0003. The U.K. Office for National Statistics reported a trade deficit of 1.97 billion Sterling in January versus a 2.03 billion Sterling deficit in December. The U.K. National Institute of Economic and Social Research (NIESR) is scheduled to release U.K gross domestic product (GDP) estimates at 10:00 a.m. ET.