Seasonality and British Pound Sterling/U.S. Dollar
The U.K.'s Treasury Department in Great Britain presents a budget to the House of Commons to be voted in either March or April. Preliminary budgets are submitted traditionally in November, with the final budget submitted in March (House of Commons 2010). This period covers fiscal years for the British pound sterling and the U.K. Government. Interestingly, does the British pound sterling/U.S. dollar peak during this period along with British pound sterling LIBOR? The answer is no. The peak comes for the British pound sterling/U.S. dollar around the November/December period.
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