2024-05-15 Pound Sterling News
2024-05-14
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend Analysis
The overall exchange rate trend, as depicted by the data, shows a pattern of fluctuation throughout the day. However, there's no distinctive or clear uptrend or downtrend when considered across the full time period. More specifically, in the beginning, the exchange rate starts approximately at 1.7173 and ends almost at a similar level at the end of the day at 1.71821. This indicates a relatively stable behavior of the exchange rate throughout the days observed.
Seasonality and Recurring Patterns
In the context of seasonality, no distinct patterns are visible in the dataset provided. Exchange rates are generally random walk and determined by a range of factors such as inflation rates, interest rates, public debt, political stability, economic performance, recession, and speculation among others that occur randomly. Therefore, no clear day-to-day or intraday seasonality can be noted down in this case. However, if we had more data, spanning over multiple months or years, seasonal pattern might have been more observable.
Outliers Observation
With the data provided, the GBP exchange rate mostly ranged between approximately 1.711 and 1.719. There were no extreme fluctuations that could be considered outliers. The dataset does seem to contain a brief dip to around 1.711, which could possible be an outlier. However, given that exchange rates can be influenced by a myriad of factors, this relative dip might be caused by such event and not necessarily means an abnormal deviation. Further investigation would be required to confirm this as an outlier.
It should be noted that the above analysis is purely based on the numerical observations from the provided dataset and does not consider potential impacts from external events such as market news, policy changes, or economic events, as per the request.
