GBP/USD Trading Lower, Shop Prices Soft.
GBP/USD is trading at 1.4501, down 0.0044.The pair is trading rangebound and in the middle of the overnight range. Market chatter about U.S. and U.K. economic data is ongoing. The British Retail Consortium (BRC) Nielson Shop Price Index (SPI) declined by 0.3 percent on the month. The group said shop prices fell 1.7 percent year over year during April. Year over year prices were unchanged from the March fall of 1.7 percent.