The British pound appreciated 0.38 % against the US Dollar since Friday’s session. On Monday morning, the British pound returned in the pattern to trade at the 1.3077 mark.
During Monday’s session, most likely, the rate will surge upwards to the 1.3080 level due to the support of the weekly pivot point at the 1.3055 mark and the 200-hour simple moving average.
Moreover, the 55-hour simple moving average will catch the rate to give additional support for the currency pair to surge during the trading day.
