GBP/USD's 200-SMA rate remained unchanged in December 2024, even if the dollar did become slightly stronger during this timeframe. The Simple Moving Average or SMA is a common metric used within stock and FX market analysis, and especially focuses on long-term trends. The 200-day SMA, especially, is considered very important, as it displays the average price of a stock or currency over the past 200 days (or 40 weeks of trading). If the price of the asset remains above this average, it is generally considered to be in an upwards trend.
British pound sterling (GBP) to U.S. dollar (USD) simple moving average (SMA) rates from June 6, 2023, to December 18, 2024
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Statista. (December 18, 2024). British pound sterling (GBP) to U.S. dollar (USD) simple moving average (SMA) rates from June 6, 2023, to December 18, 2024 [Graph]. In Statista. Retrieved December 24, 2024, from https://www.statista.com/statistics/1336227/gbp-usd-sma-rates/
Statista. "British pound sterling (GBP) to U.S. dollar (USD) simple moving average (SMA) rates from June 6, 2023, to December 18, 2024." Chart. December 18, 2024. Statista. Accessed December 24, 2024. https://www.statista.com/statistics/1336227/gbp-usd-sma-rates/
Statista. (2024). British pound sterling (GBP) to U.S. dollar (USD) simple moving average (SMA) rates from June 6, 2023, to December 18, 2024. Statista. Statista Inc.. Accessed: December 24, 2024. https://www.statista.com/statistics/1336227/gbp-usd-sma-rates/
Statista. "British Pound Sterling (Gbp) to U.S. Dollar (Usd) Simple Moving Average (Sma) Rates from June 6, 2023, to December 18, 2024." Statista, Statista Inc., 18 Dec 2024, https://www.statista.com/statistics/1336227/gbp-usd-sma-rates/
Statista, British pound sterling (GBP) to U.S. dollar (USD) simple moving average (SMA) rates from June 6, 2023, to December 18, 2024 Statista, https://www.statista.com/statistics/1336227/gbp-usd-sma-rates/ (last visited December 24, 2024)
British pound sterling (GBP) to U.S. dollar (USD) simple moving average (SMA) rates from June 6, 2023, to December 18, 2024 [Graph], Statista, December 18, 2024. [Online]. Available: https://www.statista.com/statistics/1336227/gbp-usd-sma-rates/