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Market Overview
The GBP/ALL pair closed at 111.36346 on January 16, 2026, reflecting a slight decline of 0.04% from the previous close of 111.40984. Over the past 30 days, the pair has shown a modest positive return of 0.12%, with a high of 111.58937 and a low of 110.91114, consistent with the prevailing downtrend. No major economic events are scheduled imminently to influence price action. Technical indicators show the price below the 20-day SMA (111.435), with the 50-day and 200-day DMAs not provided, an RSI near neutral levels, support at 110.91, and resistance at 111.59. The trend remains bearish with subdued momentum and limited volatility. For information only.
Last Updated 1/16/26

Sam Bourgi is an analyst, writer and financial market commentator featured in and cited by U.S. Congress, Department of Justice, Chicago Board Options Exchange, Barron's and Forbes. He covers stocks, bonds, mutual funds, ETFs, forex, Bitcoin, cryptocurrency, real estate and macroeconomics. He has written over 25,000 articles and over 40 whitepapers and e-books.