In early currency market trading, GBP/USD traded at 1.5785, up 0.06 percent on the day.
The currency pair had dropped the previous day as investors rallied to the dollar following North Korea’s artillery barrage on a South Korean island and rising concerns over the euro zone debt crisis.
According to GBP/USD analysis, cable was likely to touch support around Tuesday’s low of 1.5757, and hit resistance at 1.5960.
The pound’s gain also came as FX traders awaited the release of revised British GDP figures for the third quarter. The release was expected to mirror the preliminary reading of 0.8%, down from 1.2% in the second quarter.
Elsewhere, sterling also rose against the euro: EUR/GBP traded at 0.8459, down 0.177%, according to intraday analysis.