GBP/USD Trading Lower, UK Mortgage Approvals Fall

GBP/USD is trading at 1.2993, down 0.0042. The pair is trading just above the session lows. The Bank of England (BOE) reported that loan approvals for house purchases in the United Kingdom fell to 60,058 in August versus a upwardly revised level of 60,925 in July. It was the lowest level since November of 2014.