British Pound rises for the second consecutive day

  • Nov 11, 2019 GMT
  • Team Kalkine
  • On November 11, 2019, the British currency extended gains of Friday’s session and traded 0.64% higher against the US Dollar at $1.2877.
  • Its Moving Average Convergence Divergence is rising, with 12-day EMA quoting above the 26-day EMA.
  • Also, the currency pair has traded well above its crucial support levels of 10-day, 20-day and 50-day simple moving averages.

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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