GBP/USD Moves Down, U.K. Mortgage Approvals Slip

GBP/USD is trading at 1.2230, down 0.0042. The pair is trading at the session lows. The British Bankers' Association (BBA) reported that November U.K. mortgage approvals edged down to 40,659 from 40,835 in October, the data was down 9 percent versus a year ago.