The Great Britain Pound (GBP) inched higher against the US Dollar (USD) on Wednesday, increasing the price of GBPUSD to more than 1.3000 following some key economic events. The technical bias remains bullish because of a higher low in the recent upside rally. GBP/USD Technical Analysis

As of this writing, the pair is being traded near 1.3033. A hurdle may be noted around 1.3158 (the high of the last major upside rally) ahead of 1.3247 (another key horizontal resistance) and then 1.3300 (the psychological number). Read more: