GBP/USD Trading Lower, U.K. Retail Sales Ease

GBP/USD is trading at 1.2503, down 0.0029. The pair is trading near the session lows. Market chatter about U.K. economic data and the Bank of England (BOE) policy decision due out later this morning is making the rounds. Talk about yesterday's Federal Reserve policy statement is ongoing. The U.K. Office for National Statistics reported that retail sales in the United Kingdom rose 0.2 percent in November easing from a 1.8 percent rise in October. Year over year, November U.K. retail sales rose 5.9 percent after rising 7.2 percent in October.