GBP/USD Little Changed; U.K. Manufacturing PMI Falls, Home Prices Edge Up

GBP/USD is trading at 1.2375, down 0.0002. Markit's U.K. February manufacturing PMI (purchasing managers survey) fell to 54.6 from 55.9 in January. Nationwide Building Society reported that U.K. housing prices rose 0.6 percent in February versus a 0.2 percent rise in January. Year over year U.K. home prices were up 4.5 percent versus 4.3 percent in January.