British Pound pared gains of the past trading session.

  • Dec 06, 2019 GMT
  • Team Kalkine
  • After five consecutive days of rally of the GBP recorded till December 05, it pared some of the gains it accumulated in the past five trading session and traded 0.22% lower to 1.3127 against the US Dollars at the time of writing as on December 06, 2019 at 03:05 PM GMT.
  • However, despite some gains, it pared today against the greenback, still traded above the long-term support level of 1.2977 (200-day SMA).

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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