GBP/USD Moves down

GBP/USD is trading a little higher on the session and has erased most of the gains from overnight . GBP/USD is trading at 1.4906 Up 0.0029. Trading is range-bound and now a little weak. Market chatter about U.S. data is making the rounds. February retail sales in the U.K. were up 0.7 % on the month. The February implied retail sales deflator was down 3.6% year over year and was the biggest decline on record. The pair made highs when the U.K. data was released and has been trading choppy and lower since.