The rising channel in the shape of wedge was validated during the last meetings of trading of London and New York (to see attached graph).
Undoubtedly that the desición of the Bank of England of supporting without changes the interbank rate of interest in 0.5 % was an incentive for the Euro, who after touching the low part of the upward(rising) channel raised his(her,your) price(quote) with regard to the pound sterling.
The information of the PPI of the United Kingdom, which will be announced at a few hours was marking the behavior of this couple of Currencies, which till then surely was preserving a predominantly lateral behavior.
