Forex Seasonality in the British Pound

Published October 1st, 2008 - 07:54 GMT
Al Bawaba
Al Bawaba

The British Pound has shown a fairly consistent bullish forex seasonal trend through the past five months of October, but clear declines in the previous four months suggests that the longer-term pattern is unclear. Our Senior Strategist’s technical forecast for the GBPUSD studies suggests that we will see a short-term correction in the GBPUSD—producing noteworthy rallies.