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Market Overview
The GBP/NGN pair closed at 1900.71666, reflecting a slight increase of 0.01% from the previous close, consistent with its ongoing uptrend. Over the past 30 days, the pair has gained approximately 0.13%, trading between a low of 1898.07 and a high of 1901.69, indicating modest upward momentum. Upcoming UK inflation data and Nigerian oil production reports may influence near-term price action. Technically, the 20-, 50-, and 200-day moving averages converge near 1900.54, supporting the uptrend, while the RSI suggests moderate momentum. Nearest support is at 1898.07, with resistance around 1901.69. For information only.
Last Updated 1/22/26

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.