GBP/USD Higher

GBP/USD is trading higher at 1.4881. Up 0.0047. U.K. data this morning showed UK mortgage approvals rose in February. Including re-mortgage approvals the British Bankers Association data showed mortgage approvals rose to 39,305 in February from 36,517 in January. Market talk is showing up about U.K. has general elections in early May. Some chatter about the possibility of the first U.K rail strike in 20 years may be called before the elections , possibly in April after Members of the Rail, Maritime and Transport union rejected a four-year pay deal. Retail sales in the UK are due Thursday at 5:30 AM ET.