GBP/MAD Price & Performance (GBPMAD)

The Moroccan Dirham has experienced minor fluctuations against the British Pound, with recent rates showing a slight decline from January highs. The exchange rate, which peaked at 0.0818 GBP in mid-January, saw a gradual decrease, closing March with rates hovering near 0.0804 GBP per Dirham.1

The British Pound is under pressure as economic forecasts for the U.K. indicate slowing growth in 2025. A weaker-than-expected CPI report and downgraded growth projections have weighed on the currency, while the U.S. dollar benefits from its safe-haven status, further impacting GBP/USD performance.2

GBP/USD has entered a bearish phase, trading below key psychological levels near 1.3000. Resistance zones at 1.2980 and 1.3100 have proven challenging, with bearish momentum suggesting potential declines toward 1.2800 or lower if downside pressure persists.3