GBP/USD Moves Down, U.K Retail Price Index Falls

GBP/USD is trading at 1.2467, down 0.0053. The U.K. Office for National Statistics (ONS) reported the year over year January U.K. retail price index rose 2.6 percent versus a rise of 2.5 percent in December. On the month the U.K. retail price index fell 0.6 percent in January versus December's rise of 0.5 percent.