GBP/USD Trading Lower

GBP/USD is trading at 1.2408, down 0.0047. The pair is trading in the middle of the session range. Market chatter about weekend U.K. headline news and comments from various policy makers has kept buyers and sellers active. Markit's U.K. manufacturing PMI (purchasing managers survey) is due out Wednesday at 4:30 a.m. ET. The Bank of England (BOE) is scheduled to release consumer credit data and mortgage approval figures Wednesday at 4:30 a.m. ET.