GBP/USD higher

GBP/USD is trading at 1.5679 up 0.0137. The pair has traded firm overnight and is near the session highs. U.K. retail sales came out up 1.2 % on month over month basis versus down 0.7 % on the prior report, and up 4.7 % on the year over year data versus up 4 %. Ex-Fuel the data was up 1.2 % month over month versus up 0.2 % and up 4.7 % year over year versus up 4.8 % on the prior report. The CBI report on May total factory orders came out as minus 5 versus up 1 in April. Bank of England Carney is scheduled to speak over the next two days. U.K. public sector borrowing is due out on Friday.