GBP/USD Lower

The British pound is trading lower Friday. Comments from members of the BOE have begun to surface. The GBP/USD is trading at 1.5378, down 0.0042. Trading is choppy. U.K. retail sales volumes ex-fuel were down 0.7 percent on the month. The year-over-year level was +4.8 percent. The monthly level has led to some selling pressure. German PPI overnight was weaker than expected and dragged down the pair during the European session.