GBP/USD Trading Lower Ahead of Data

GBP/USD is trading at 1.2422, down 0.0048. The pair is trading a little above the session lows. Market chatter about U.K. headline news has kept buyers and sellers active. The U.K. Office for National Statistics (ONS) is scheduled to release U.K. public sector borrowing figures at 4:30 a.m. ET.