GBP/USD Little Lower, Retail Sales Slips

GBP/USD is trading at 1.3198, down 0.0044. The pair is trading choppy and has moved lower after showing a steady trade early in the session. Market chatter about U.K economic data is making the rounds. The U.K. Office for National Statistics reported that retail sales in the United Kingdom fell 0.9 percent in June versus a 0.9 percent increase May. Year over year retail sales rose 4.3 percent versus a 5.7 percent year over year rise in May.