GBP/USD Moves Down, U.K. Retail Sales Fall

GBP/USD is trading at 1.2294, down 0.0041. The pair is trading at the session lows. The U.K. Office for National Statistics (ONS) reported that retail sales in the United Kingdom fell 1.9 percent in December versus a 0.1 percent decline in November. Year over year U.K. retail sales eased to a rise of 4.3 percent from a rise of 5.7 percent in November.