The currency pair had no tendency last week due to the lack of the important data.

There are some interesting reports this week including UK PMIs and Retail sales data. Moreover, the EU-UK trade agreement negotiation will take place again. However, this process is considered interminable by the investors currently as no one can say when those negotiations will end.

British Pound has reached 1.2677 but retreated from that level. There is a probability that GBP/USD is going to develop its downtrend towards 1.2372.