GBP/USD Lower Ahead of Data

GBP/USD is trading at 1.2422, down 0.0032. The pair is trading lower on the day as overseas forex traders wind down trading for the day. Market talk global headline news and comments from various policy makers has kept buyers and sellers active. Chatter about U.K. economic data due out Tuesday is starting to show up. The Bank of England (BOE) is scheduled to release consumer credit data and mortgage approval figures at 4:30 a.m. ET.