During the previous trading session, the 55-hour simple moving average supported the rate to push it towards the 1.2800 level. On Thursday morning, the currency exchange rate was retraced by the bottom boundary of the ascending small pattern line at the 1.2757 mark.
Most likely, the British Pound will keep trying to appreciate against the US Dollar to the 1.2800 level. Besides, supports of the 100-hour and the 55-hour simple moving averages will give additional support for the British Pound during the session.
