The Pound US Dollar (GBP/USD) exchange rate is trading -0.1% lower after gaining ground across the first four days of the week. The pair is set to gain +1.3% this week.
UK retail sales rose for the 4th consecutive month in August. Sales grew +0.8% MoM down from 3.6% in July.
The BoE hinted towards negative interest rates in the previous session as the outlook for the UK economy worsens.
US Dollar is out of favour after a slew of weak data on Thursday. Initial jobless claims remain high at 860,000, as the labour market recovery slows.
US consumer confidence is due today and is expected to tick higher to 75 in September, up from 74.1.