GBP/USD Little Changed, U.K. Construction Orders Rise

GBP/USD is trading at 1.2602, up 0.0019. The pair is trading rangebound. The U.K. Office for National Statistics reported that new orders for construction in the U.K. rose by 5.5 percent year over year in the third quarter versus a downwardly revised 7.3 percent rise in the second quarter.