The GBP/USD pair has drifted back from the mid/upper 1.2600s where recent gains have peaked but a mild, short-term uptrend remains intact. 

The broader picture reflects a wide, flat range trade which means the Pound Sterling has a lot of work to do to show some real technical strength. 

Gains through 1.2675/1.2685 should be positive. 

Losses through the 1.2520/1.2525 zone turn the picture more negative.