GBP/USD Higher Ahead of Data

GBP/USD is trading at 1.2296, up 0.0078. The pair is trading is trading choppy and just under the session highs as overseas forex traders wind down trading for the day. Chatter about money flows and recent comments by U.K. policy makers has kept buyers and sellers active. The U.K. Office for National Statistics is scheduled to release U.K. unemployment data at 4:30 a.m. ET. On Wednesday the Bank of England (BOE) chief economist Andy Haldane is scheduled to give a lecture at Cass Business School on "QE - The story so far" and U.K. Finance minister Philip Hammond is scheduled to speak in the U.K. parliament.