GBP/USD Moves Down, Retail Sales Fall

GBP/USD is trading at 1.2410, down 0.0074. The pair is trading at the session lows. The U.K. Office for National Statistics reported that retail sales in the United Kingdom fell 0.3 percent in January versus a 2.1 percent fall December. Year over year, U.K. retail sales slowed to a rise of 1.5 percent in January versus a rise of 4.1 percent in December.