GBP/USD lower

GBP/USD is trading at 1.5592, down 0.0023. The pair is trading rangebound and a little lower during afternoon U.S. forex trading on Monday. Market talk about the Bank of England monetary policy meeting on Thursday is constant. Chatter about possible comments from monetary and economic policy officials, both in the U.S. and U.K. are making the rounds. U.K. construction PMI data is set for release Tuesday morning.