Analyzing the Possibility of GBP/USD Rally Continuing Amidst Seasonal Patterns in UK's Fiscal First Quarter

Friday, 8 March 2024, 23:50

The bulls have awoken the dormant GBP/USD pair, with a recent 1.55% surge in value over the past five trading days, contributing to a year-to-date increase of 0.94%. As the UK's fiscal first quarter commences in April, historical trends point towards a seasonal pattern of higher prices in play. The critical question now lingers on the sustainability of the ongoing rally amidst the resurgence of the Pound against the US Dollar.
https://store.livarava.com/feaa0b72-de64-11ee-965b-5254a2021b2b.jpe
Analyzing the Possibility of GBP/USD Rally Continuing Amidst Seasonal Patterns in UK's Fiscal First Quarter

The GBP/USD Rally

The bulls have woken the sleeping GBP/USD. Since mid-December 2023, the GBP/USD weekly chart has seen sideways trading activity.

Recent Increase in Value

The past five trading days have seen a 1.55% increase in value, adding to a year-to-date 0.94% increase.

Seasonal Patterns

As the UK's fiscal first quarter begins in April, a seasonal pattern of higher prices has occurred.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe