Amidst the general strengthening of the US dollar, supported by the rhetoric of the Federal Reserve Chairman Jerome Powell's speech yesterday, the GBP/USD pair continued to decline. The quotes reached the previously mentioned zone of 1.2600-1.2700. The course of trading in this range will help determine further prospects of the instrument. From a fundamental point of view, the catalyst for volatility and further development of events might be the publication of data on the UK's GDP. Also, traders and investors will focus on US retail sales data, expected at the beginning of the North American trading session.