Daily pound to dollar (GBP/USD) SMA rates up to December 7, 2023
GBP/USD's 200-SMA rate continued to decline in September 2022, as many investors left the pound due to upcoming financial measures in the UK. Not only did the 200-day SMA figure decline, the difference between the pound to dollar price was substantial towards the end of that month. 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.