GBP/USD Lower, Retail Sales steady

GBP/USD is trading at 1.2204, down 0.0034. The pair is trading just above the session lows. Market talk about headline news and comments from U.K. policy makers is making the rounds. The British Retail Consortium (BRC) reported that U.K. like-for-like retail sales fell 0.4 percent year over year during February after a 0.6 percent decline in January.