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

GBP/USD is trading at 1.2359, down 0.0108. The pair is trading choppy and near the session lows. The British Retail Consortium (BRC) reported that U.K. like-for-like retail sales fell 0.6 percent year over year during January. Total retail sales rose 0.1 percent versus a rise of 3.3 percent a year ago.