GBP/USD Moves Up

GBP/USD is trading at 1.2662, up 0.0104. The pair has extended the session gains. Trading is choppy, chatter about the Bank of England policy meeting this week is making the rounds. The Bank of England (BOE) Monetary Policy Committee (MPC) meets Thursday and is scheduled to announce if there is any change to monetary policy or quantitative easing levels and release minutes at 7:00 a.m. ET.