The British pound appreciated 0.23. % against the US Dollar since Tuesday’s session. On Wednesday morning, the currency exchange pair was located at the 1.3157 mark at the medium-term pattern waiting for break-out.
The rate broke the resistance of 50.00% Fibo, the weekly R1 at the 1.3178 mark and the monthly R1 at the 1.3185 mark due to fundamentals on Wednesday at 8:30 GMT. Most likely, the rate will move upwards to the upper boundary of the trend-line.
Moreover, the monthly R1 at the 1.3185 should give an additional support to the rate to surge upwards near the 1.3250 level.
