GBP/USD Trading Lower, Retail Sales Little Better

GBP/USD is trading at 1.2978, down 0.0053. The pair is trading moderately choppy and just above the session lows. Market talk about recent comments from Bank of England members is making the rounds. The British Retail Consortium (BRC) reported that U.K. like-for-like retail sales values rose in July. The survey showed sales rose 1.1 percent year over year and total sales rose 1.9 percent.