GBP/USD Trading Lower, U.K. Mortage Approvals Edge Up

GBP/USD is trading at 1.2435, down 0.0062. The pair is trading just above the session lows. Market talk about European headline news and comments from policy makers is making the rounds. The Bank of England (BOE) reported that loan approvals for house purchases in the United Kingdom rose to 67,898 in December versus 67,461 in November. The Bank of England (BOE) Monetary Policy Committee (MPC) meets Thursday and is scheduled to announce if there is any change to monetary policy or quantitative easing levels and release minutes at 7:00 a.m. ET. The BOE inflation report is also due out Thursday morning.