GBP/USD Little Higher Ahead of Data

GBP/USD is trading at 1.2440, up 0.0020. The pair is trading near the session highs. Market chatter about European headline news and money flows has kept buyers and sellers active. Talk about U.K. economic data due out today is starting to show up. The Confederation of British Industry (CBI) industrial orders survey is due out at 6:00 a.m. ET.