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Market Overview
The GBP/MXN pair closed at 24.21408, down 0.09% from the previous close of 24.23614, continuing its downtrend over the past 30 days with a return of -0.29%. The pair has traded between 24.18 and 24.29 during this period, reflecting sustained bearish momentum. Upcoming UK and Mexican economic data releases may influence price action, though no specific events are imminent. Technically, the 20-day and 50-day moving averages hover near 24.23, with the 200-day average not specified; the RSI indicates weakening momentum consistent with the downtrend. Nearest support is at 24.18 and resistance at 24.29. For information only.
Last Updated 12/4/25

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.