GBP/USD Trading Higher, BOE in Focus

GBP/USD is trading at 1.2236, up 0.0083. The pair is trading choppy near the session highs as overseas forex traders wind down trading for the day. Market talk about global headline news and the upcoming Bank of England policy meeting is making the rounds. 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 8:00 a.m. ET.