GBP/USD Trading Higher

GBP/USD is trading at 1.2575, up 0.0045. The pair is trading just under the session highs. Market chatter about recent comments by U.K. policy makers and global money flows is making the rounds. The U.K. Office for National Statistics (ONS) is scheduled to release U.K. GDP (gross domestic product) Thursday at 4:30 a.m. ET.