During Wednesday’s trading session, the British Pound surged to the 1.3300 level due to Brexit deal talks. On Thursday morning, the rate depreciated to the 1.3261 mark.
In regards to the near-term future, most likely, the currency exchange rate will expect another day of high volatility on the GBP/USD chart due to another Brexit deal meeting at the UK’s parliament. Besides, most likely, the rate might break through the medium pattern line to trade near 38.20% Fibo at 1.3449.
Note, It is very important to stay informed about Brexit deal news during the day!
