GBP/USD lower

GBP/USD is trading lower Thursday during early U.S. forex trading. GBP/USD is trading at 1.4996, down 0.0040. UK retail sales month over month sales were down 0.5 % versus up 0.6 %. Sales ex-fuel month over month were up 0.2 % versus up 0.6 % . Public sector net borrowing was 6.74 bil versus 4.8 bil . Trading is a little weak and rangebound.