During European trading, the British Pound fell lower against the US Dollar trading above 1.2500 levels.
The GBP/USD has continued to fall since earlier this day, following a stronger demand for the dollar as a safe haven currency and worse than expected economic data from Britain. In the UK, Retail Sales Data was published showing worse than expected results (2.4% realised vs 3.4% expected) as well as the Manufacturing PMI also showing worse than expected results (48.6 realised vs 50.1 expected) . In the United States, the US Services PMI will be published at (14:45 GMT) expecting a level of 55.0.
