2024-04-26 Guernsey Pound News

Summary of Yesterday

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
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  • Difference of Daily High & Low:

Statistical Measures

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  • Standard Deviation:


Overall Trend

From looking at the data, it appears that the trends of exchange rates overall have a downward tendency. This is evidenced in the data as the exchange rate had a starting value of 1.70547 on 2024-04-25 00:00:02 and decreased to 1.70086 at 2024-04-25 23:55:02, about a .27% drop. However, this downward trend is not linear, and there are short periods of increased rates.

Seasonality and Patterns

At the first glance, in terms of seasonality or recurring patterns, the changes in exchange rates appear somewhat random, with no obvious indication of any consistent times of day or periods where the exchange rates always rise or fall. That said, data analysis over a longer period may reveal potential patterns that are invisible within this given time span.


There's one notable spike in the exchange rate at 07:30:04 with the value reaching 1.7067 and peaking at 1.7099 at 08:15:02, which is significantly higher compared to the rest of the data set. This is followed by a gradual decrease. This can be considered an outlier.

To sum up, while the exchange rates appear to fluctuate somewhat unpredictably throughout the given time period, the overall trend is a slight decrease. There is no clear evidence of seasonality or patterns in the changes, though further data and analysis may provide more insights in this direction.

Note that this analysis does not take into account potential external factors influencing the exchange rates, such as market opening/closing times, weekends/holidays, or the release of key financial news and reports. It's highly suggested that for a comprehensive analysis and actionable insights, these factors should also be considered.

icantly The robustness of the pound sterling, denoted as the GGP in the financial market, was called into question on April 25, 2024. There was a consequential fluctuation in the GGP rates, resulting in significant concerns about the future stability of the currency. Despite starting the day on a high note, with an exchange rate peaking at 1.70569 only minutes after midnight, the GGP took a nosedive, reaching 1.70395 by 3:05 A.M and further plummeting down to 1.70235 by 6:30 A.M. The currency briefly regained its footing, surging to 1.70874 by 8:10 A.M., but the respite was brief. By noon, the GGP had lost even more ground, diving down to 1.70082 at 8:35 P.M., marking the day''s lowest. This erratic behavior suggests a level of instability in the GGP, shedding light on the impacts of political decisions and global events on financial markets. The financial market responds to political decisions and global events more rapidly than any other domain. Therefore, the lessons learned from the fluctuation of the GGP play a critical role in shaping investors'' perspectives towards the currency. Exchange rate variations do not operate in a vacuum. They often serve as indicators of underlying economic issues or political developments. The market''s reaction to the GGP fluctuation puts the spotlight on the British Government''s recent strategic decisions around Brexit vis-à-vis international trade and domestic policy reforms, raising questions about their implications on the economy. While a fair degree of volatility is typical and expected in the forex market, drastic fluctuations within a short span, as witnessed on April 25, often signal potential instability. This event has ignited conversations around the resiliency of the pound post-Brexit, the effectiveness of financial strategies adopted by the British government, and the impacts on the overall economy and international investments. Looking ahead, market analysts will monitor the GGP with heightened scrutiny, watching for any signs of continued instability. For investors, it''s time to reevaluate their portfolios, considering the potential risks and opportunities that this fluctuation might present. International trading partners might also see this as a decisive moment to reconsider their trade policies with the United Kingdom. The waters may have been rough for the GGP on this particular day, but it''s not all doom and gloom. Market cruxes create as many opportunities as they do challenges. As economic stakeholders navigate this complex landscape, the unfolding events will continue to be closely watched by investors, policymakers, and market watchers around the globe.Brexit financial market shakes as GGP rates waver significantly

Current Middle Market Exchange Rate

For information purposes only.