The British pound is trading weaker against the greenback. There were no major developments in regard to the December 12th election campaign.
On the economic front, data was subject to second-tier data. The CBI industrial order expectations sentiment rose modestly to -26 from -37 in the month before.
GBP/USD Retreats from Resistance
The currency pair fell after failing to break past the resistance area of 1.2960. The declines come after GBPUSD failed in its earlier attempt near this resistance level. Price action could trade flat within the support region of 1.2865 if the declines continue.
