GBP/USD Higher, U.K. Consumer Credit Rises

GBP/USD is trading at 1.2467, up 0.0061. The pair is trading a little under the session highs. Market chatter about U.K. economic data and comments from policy makers has kept buyers and sellers active. The Bank of England (BOE) reported the consumer credit in the U. K. rose by 1.618 billion Sterling during October after an upwardly revised 1.484 billion Sterling rise in September. Market talk about U.S. economic due out today is starting to show up.