The pound franc pair rose during trading on Wednesday in light of the scarcity of Swiss data today, and on the other side of the UK, inflation data represented by the Consumer Price Index was released this morning, as the data showed that British consumer inflation accelerated faster than expected in October, which supports the opinion that the Bank of England will reduce interest rates only gradually in the coming months.

as Andrew Bailey said yesterday that we will take a gradual approach to easing.

Technically: 

the pound franc rebounded yesterday from strong support levels at 1.1125 levels, and today it was able to break through the levels of the downtrend on the four-hour frame, which predicts a further rise of the pair during the coming period to target the levels of 1.1260 as the first target and then the levels of 1.1340/70, which in case of a breakthrough upwards will open the way for a further rise of 1.1500.

This scenario fails if the 1.1170 levels break down.