Czech Republic Retail Sales (YoY) climbed from previous 5.6% to 6.8% in November

The GBP/USD pair remains under pressure and languishes near lows at 1.4525, as the ongoing weakness in oil prices continue to dampen the sentiment towards risk currencies such as the GBP. From a wider perspective, dwindling 2016 BOE rate hike expectations combined with looming concerns over a possible Brexit also keeps the cable heavily depressed near five-year lows reached last week just below 1.45 handle.