GBP/USD's 200-SMA rate remained unchanged in June 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 June 4, 2024
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Statista. (June 5, 2024). British pound sterling (GBP) to U.S. dollar (USD) simple moving average (SMA) rates from June 6, 2023, to June 4, 2024 [Graph]. In Statista. Retrieved November 22, 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 June 4, 2024." Chart. June 5, 2024. Statista. Accessed November 22, 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 June 4, 2024. Statista. Statista Inc.. Accessed: November 22, 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 June 4, 2024." Statista, Statista Inc., 5 Jun 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 June 4, 2024 Statista, https://www.statista.com/statistics/1336227/gbp-usd-sma-rates/ (last visited November 22, 2024)
British pound sterling (GBP) to U.S. dollar (USD) simple moving average (SMA) rates from June 6, 2023, to June 4, 2024 [Graph], Statista, June 5, 2024. [Online]. Available: https://www.statista.com/statistics/1336227/gbp-usd-sma-rates/