The British pound depreciated 0.97% against the US Dollar since Thursday’s session. On Friday morning, the rate was located at the 1.3067 mark.
In the near-term future, most likely, the rate will keep trading downwards due to a lock of the technical indicators and any support levels which might stop the British pound from bearish outlook on Friday. The rate might fall below the 1.30 level in the next couple of days.
On the other hand, the UK Current Account data release at 8:30 GMT on Friday may change the direction of the currency pair to recover itself from trading near the bottom boundary of the medium ascending line at the 1.3140 mark.
