British Pound up for the fifth consecutive days as on November 18

  • Nov 18, 2019 GMT
  • Team Kalkine
  • The Pound extended gains against the US Dollar for the fifth consecutive days and traded 0.49% higher against the greenback at $1.2962.
  • At the current trading level, GBP/USD traded above its short-term and long-term support levels of 5-day, 10-day, 20-day, 50-day and 200-day simple moving averages, reflecting a favourable trend in the currency.

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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