GBP/USD is trading at 1.2596, down 0.0037. The U.K. Office for National Statistics (ONS) reported that fourth quarter U.K. GDP (gross domestic product) rose 0.6 percent versus a 0.6 percent rise in the third quarter. On the year U.K. GDP rose 2.2 percent versus a 2.2 percent rise year over year rise in the third quarter.