GBP/USD is trading at 1.2157, up 0.0003.
The U.K. Office for National Statistics reported a trade deficit of 1.97 billion Sterling in January versus a 2.03 billion Sterling deficit in December.
The U.K. National Institute of Economic and Social Research (NIESR) is scheduled to release U.K gross domestic product (GDP) estimates at 10:00 a.m. ET.
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