GBP/USD Trading Higher, U.K. Retail Price Index Edges Up

GBP/USD is trading at 1.2713, up 0.0042. The pair is trading just under the session highs. The U.K. Office for National Statistics reported that retail prices rose 2.2 percent year over year in November versus a 2.0 percent rise in October. On the month the U.K. retail price index edged up 0.3 percent in November versus a flat reading in October.