GBP/USD Gains Erode

GBP/USD is trading at 1.2349, up 0.0067. The pair is trading moderately choppy and some of the early session gains have eroded. Market talk about global headline news and the U.K. economy is making the rounds. In other Forex Markets; EUR/USD is trading at 1.0560, down 0.0005. AUD/USD is trading at 0.7234, down 0.0005. USD/JPY is trading at 116.70, up 0.38. USD/CAD is trading 1.3422, down 0.0057.