Every month has its unique characteristics and often seasonal patterns that tend to repeat themselves.
The pound is of high interest in the upcoming month:
Here is their view, courtesy of eFXnews:
Among the G10 currencies, GBP has shown the highest tendency to depreciate against the USD, falling in 11 out of the last 15 years during November, notes Australia and New Zealand Banking Group (ANZ).
“GBP weakness in the month is better expressed through GBP/CHF, which has declined in 12 out of the last 15 years by an average of 1.1%,” ANZ adds.
“Although neither NZD/USD nor USD/JPY exhibit much seasonal patterns on their own (the directional moves in the month are close to 50:50), when paired together, the NZD/JPY cross shows a tendency to appreciate. It has risen in 11 out of the last 15 years, and though the average percent spot gain is modest at 0.8%, the median gain is a more impressive 2.4%
This is because when the NZD/JPY goes against the seasonal trend, the declines tend to be very large with an average fall of 5.4%,” ANZ notes.
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