Pound is not lucky in May

Seasonal sell-offs are just one bear driver for the GBP/USD among many

The best monthly rally of the US stocks over the past 33 years has become the further evidence that the pound is subject to seasonal regularities. Amid the beginning of the new fiscal year and the capitals repatriation to the UK in April, the sterling was traditionally quite strong, over the past decade, the GBP/USD closed in the red area in April only in 2018. Since 2000, the pair was down only twice, in 2000 and 2004. The pound’s trend usually changes in May. The GBP on average lost 2.3%…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>