GBP/USD Trading Lower, BBA Mortgage Approvals Slip

GBP/USD is trading at 1.2935, down 0.0025. The pair is trading a little above the session lows. Market talk about global money flows and U.K economic data is making the rounds. The British Bankers' Association (BBA) reported that August mortgage approvals slipped to 36,970 from 37,670 in July.