GBP/USD Extends Losses

GBP/USD is trading at 1.2973, down 0.0063. The pair is trading choppy and has extended the session lows as overseas forex traders wind down trading for the day. Market chatter about money flows and the U.K. economy has kept both buyers and sellers active. The U.K. Office for National Statistics (ONS) is scheduled to release final second quarter GDP (gross domestic product) Friday at 4:30 a.m. ET.