Today's GBP to KES Price Update

Summary

This report provides the real-time exchange rate between the British Pound (GBP) and Kenyan Shilling (KES), helping traders quickly grasp market dynamics and identify potential trading opportunities.

Definition

The British Pound (GBP) is one of the world’s major fiat currencies, while the Kenyan Shilling (KES) serves as the official currency of Kenya. The exchange rate between them reflects market conditions, economic fundamentals, and investor sentiment in both regions.

Today’s Price

• 1 GBP = 172.30 KES
• 24h High: 172.58 KES
• 24h Low: 172.13 KES

Market Analysis

Recent GBP/KES price movement shows a neutral technical outlook. The pair’s Relative Strength Index (RSI) over the 14-day period stands at 49.185, indicating a balanced market without clear directional bias.

• Technical levels: The pair remains in an uptrend since March 2020, with key resistance around the February 2021 highs of 155.54 KES
• Short-term forecasts: Analytical predictions suggest potential movement toward 173.32 KES within a week and 172.67 KES within four weeks, with longer-term forecasts indicating a possible rise to 174.47 KES
• Trading opportunities: Monitor for potential breakout signals and watch key technical indicators including Moving Averages, Stochastics, and MACD

Conclusion

Continue to monitor the GBP/KES pair closely, integrating technical indicators with market sentiment. Traders should focus on key resistance and support levels while remaining alert to broader macroeconomic developments affecting both the British Pound and Kenyan Shilling.