The British pound depreciated 0.10 % against the US Dollar. On Monday morning hours, the currency exchange pair was supported by the 100-hour simple moving average, located above the August high at the 1.3100 level.
In regards to the near future, the 55-hour and the 100-hour simple moving averages will move along with the rate giving support for the currency to surge upwards to the upper boundary of the medium ascending line at the 1.3150 mark.
Besides, the rate should not ignore technical indicators during today’s trading session due to an absence of Brexit fundamentals.
