GBP/USD Trading Lower, CBi Retail Sales Survey Rises

GBP/USD is trading at 1.2355, down 0.0031. The Confederation of British Industry's (CBI) survey for retail sales balance rose to 35 for December versus 26 for the first half of November. The CBI's survey for expected sales growth in January dropped to a three-month low of 18 as retailers expect orders to slow.