British Pound (GBP) up for the five-straight day in a row

  • Dec 05, 2019 GMT
  • Team Kalkine
  • Pound Sterling traded higher for the five-straight day in a row and was up by 0.29% to trade at 1.3142 against the US Dollar. Also, at the current traded level, it was trading well above its short-term and long-term support levels of 5-day, 10-day, 20-day and 200-day simple moving averages. The moving average convergence divergence is also rising, with the gap between 12-day EMA and 26-day EMA being in the positive.

With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities. 

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