2024-05-22 Pound Sterling News
2024-05-21
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Understanding The Overall Trend
After observing the data, it can be seen that the trend of GBP exchange rates over this period does not remain constant. There are instances when the exchange rate increases and other times it decreases. The rates ranged between 1.73159 and 1.73686.
2. Seasonality or Recurring patterns
A clear determination of seasonality or recurring patterns often requires a graphical representation of the data. However, from examining the numeric data provided, no clear seasonal patterns, such as consistent increases or decreases at a particular time of day, can be discerned. Therefore, further data visualisation may lend more insight into this.
3. Outliers Identification
Outliers, or extreme values that deviate from other observations, can be caused by variability in data or errors. The real outliers can't be identified without having the context or graphically representing the data, but from the numerical figures, there are no prominent outliers. All values remain relatively close in range. There is no significant difference from the maximum and minimum values to be noted as an outlier.
While this analysis provides some insights, a more detailed examination of this dataset, possibly including data visualisation and statistical analysis, would offer a more comprehensive understanding of the trends, patterns and outliers in these exchange rates. It is also important to note that various external factors, such as economic news, market conditions, etc., can also significantly influence exchange rates.
