Analyzing the Possibility of GBP/USD Rally Continuing Amidst Seasonal Patterns in UK's Fiscal First Quarter
Friday, 8 March 2024, 23:50
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.