Today's GBP to NGN Price Update

Summary

This report provides the real-time exchange rate between the British Pound (GBP) and Nigerian Naira (NGN), 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 Nigerian Naira (NGN) represents the currency of Africa’s largest economy. The exchange rate between them reflects market sentiment regarding currency valuation and cross-border trading dynamics between the UK and Nigeria.

Today’s Price

• 1 GBP = 1,842.53 NGN (as of February 8, 2026)
• 24h High: 1,861.90 NGN
• 24h Low: 1,859.84 NGN

Market Analysis

Recent GBP/NGN price movement shows relative stability with technical indicators suggesting bullish sentiment. The pair is currently trading near key moving average levels.

• Technical levels: The 50-day moving average stands at 1,857.52 NGN, indicating a Buy signal. Forecasts suggest the 200-day SMA may reach 1,938.10 NGN by March 5, 2026
• Risk note: Short-term volatility may persist; traders should monitor technical breakout levels closely
• Trading opportunities: Watch for potential upside movement toward the forecasted March target, with the current level offering entry consideration for bullish positions

Conclusion

Continue to monitor the GBP/NGN pair closely, integrating technical analysis with moving average signals. The current bullish technical setup presents potential trading opportunities for both short-term traders focusing on technical levels and those positioning for the medium-term forecast target.