The GBP and USD are very attractive at the moment. Maybe you should short it too.
As expected, the price is falling.
The British Retail Consortium (BRC) Like-For-Like Retail Sales reported a reading of 0.2% indicating poor performance of the retail sector (0.3% expected, which is a low reading by itself). Price is expected to fall even further.
You can set your SL at 1.30200 at this point.