GBP/USD Higher

GBP/USD is trading higher at 1.4925 Up 0.0050. February retail sales in the U.K. were up 0.7 % on the month. The February implied retail sales deflator was down 3.6% year over year and was the biggest decline on record. The pair made highs when the data was released and has been trading choppy and range-bound during early U.S. trading as traders await U.S. economic data.