The currency pair went upwards last week despite weak UK GDP and Retail Sales data. Prelim UK GDP has shown 0,3% growth, but it was weaker than expected.

As for the Retail Sales, this indicator reached negative area and has fallen to -0,1%.

There is a Flag pattern on the Daily chart. If the price breaks out the upper side of the Flag, it can reach the closest resistance at 1,2980. Otherwise, there is a probability to go towards the support at 1,2677.