GBP/USD Trading Lower, UK Surplus Edges Lower

GBP/USD is trading at 1.3121, down 0.0040. The pair is trading a little lower on the day after Thursday's firm trading session. Market talk about European headline news and money flows is making the rounds. The U.K. Office for National Statistics (ONS) reported a surplus of 1 billion sterling in July versus the 1.2 billion sterling surplus in July of 2015.