GBP/USD Lower Ahead of Data

GBP/USD is trading at 1.2148, down 0.0057. The pair is trading rangebound as overseas forex traders wind down trading for the day. Market talk about recent comments from U.K. policy makers and headline news has kept buyers and sellers active. Chatter about U.K. economic data due out Wednesday is starting to show up. The U.K. Office for National Statistics (ONS) is scheduled to release U.K. unemployment data at 5:30 a.m. ET.