GBP/USD Trading Higher

GBP/USD is trading at 1.2385, up 0.0067. The pair is trading just under the session highs. Trading is moderately choppy. Market talk about recent comments from U.K policy makers and global money flows is making the rounds. The U.K. Office for National Statistics ( ONS) is scheduled to release public sector borrowing figures Tuesday at 4:30 a.m. ET.