GBP/USD Trading Higher, U.K. House Prices Improve

GBP/USD is trading at 1.2390, down 0.0026. The pair is trading modestly choppy and a little above the session lows. Market chatter about comments from various global policy makers and money flows is making the rounds. The Royal Institution of Chartered Surveyors ( RICS) house price balance survey showed U.K. house price increases were more widespread during the three months to the end of October. The RICS house price balance for the three months of August through October rose to 23 percent versus 18 percent during the July through September time frame.