April seasonality is typically bullish Sterling (GBP), economists at Société Générale say.
Seasonality in April is typically bearish EUR/GBP
Sterling retraced against the Dollar and the Euro after two of the nine-member MPC committee threw in the towel on rate hikes and voted with the majority for no change. The shift could prove a watershed and opens the door to a rate cut in the coming months.
The pullback in GBP/USD attracted buyers right on the 200-DMA (1.2591). This could be the prelude to a rally back over 1.2800 towards 1.3000 if seasonality is a guide. April ranks among the best months of the year for the Pound thanks to the repatriation by corporates of overseas FX for dividend payments. The average percentage monthly gain of the last ten years in April is 0.8%. The standard deviation is 2.2%.
면책 조항: 본 게시글에 표현된 견해는 전적으로 작성자의 견해이며 Followme의 공식 입장을 대변하지 않습니다. Followme는 제공된 정보의 정확성, 완전성 또는 신뢰성에 대해 책임을 지지 않으며, 서면으로 명시적으로 언급되지 않는 한 해당 내용을 기반으로 취해진 어떠한 조치에 대해서도 책임을 지지 않습니다.
