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Market Overview
The GBP/UGX pair closed at 4770.48051 UGX, down 0.26% from the previous close, continuing its downtrend over the past month with a 30-day return of -0.82%. The pair has traded between 4762.45 and 4813.30 UGX recently, remaining below the 5-day SMA of 4792.21 and the 20-day SMA of 4799.01, confirming bearish momentum. The 200-day moving average is not provided, but the RSI indicates weakening buying pressure. Nearest support is around 4750 UGX, with resistance near 4820 UGX. No major upcoming events are noted, though UK economic data and Uganda’s commodity exports may influence price action. 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.