WatchTower

Seasonality · GBP/AUD · 12 November 2026

GBP/AUD seasonality: is November bullish for GBP/AUD?

Over the last 14 years (2012 to 2025), GBP/AUD rose in November 7 times, with an average move of +0.59% and a median of +0.19%. December, the month ahead, has risen in 6 of 15 years, +0.25% on average (median −0.34%).

Its best month on average is April (+0.71%, up in 10 of 15) and its worst is June (−0.70%, up in 7 of 15).

The seasonal pattern: average return by month

JanFebMarAprMayJunJulAugSepOctNovDec

Monthly seasonal returns, all 12 months

MonthAverageMedianUp yearsBestWorstSample
January +0.08% −0.42% 7 of 15 +4.36% (2020) −2.87% (2013) 2012–2026
February −0.22% −0.12% 7 of 15 +3.66% (2019) −3.73% (2026) 2012–2026
March +0.05% +0.30% 8 of 15 +4.18% (2012) −5.10% (2022) 2012–2026
April +0.71% +0.89% 10 of 15 +5.45% (2017) −4.77% (2020) 2012–2026
May +0.39% +0.25% 8 of 15 +5.49% (2013) −3.99% (2020) 2012–2026
June −0.70% −0.27% 7 of 15 +5.01% (2013) −11.19% (2016) 2012–2026
July +0.18% −0.01% 7 of 15 +4.45% (2015) −2.72% (2012) 2012–2026
August +0.19% −0.01% 7 of 15 +2.98% (2012) −2.74% (2022) 2012–2026
September +0.31% −0.32% 7 of 15 +5.21% (2017) −3.32% (2023) 2012–2026
October +0.04% +0.04% 8 of 15 +4.12% (2022) −5.48% (2016) 2012–2026
November (now) +0.59% +0.19% 7 of 14 +5.76% (2013) −3.97% (2015) 2012–2025
December (next) +0.25% −0.34% 6 of 15 +3.89% (2014) −2.94% (2017) 2011–2025

Each month is the last 15 complete years of that month, from the Federal Reserve's daily exchange rates (H.10), month-end to month-end. The month in progress is not counted. History, not a forecast.

GBP/AUD in November, year by year

November 2025+0.65%
November 2024−0.66%
November 2023−0.28%
November 2022−1.11%
November 2021+2.59%
November 2020−1.47%
November 2019+1.86%
November 2018−3.08%
November 2017+2.98%
November 2016+5.30%
November 2015−3.97%
November 2014+0.81%
November 2013+5.76%
November 2012−1.08%

Questions

Is November bullish for GBP/AUD?

Over the last 14 years (2012 to 2025), GBP/AUD rose in November 7 times, with an average move of +0.59% and a median of +0.19%. That is no clear lean; the range runs from −3.97% (2015) to +5.76% (2013). A seasonal tendency is history, not a forecast.

What is the best month for GBP/AUD?

Its best month on average is April (+0.71%, up in 10 of 15) and its worst is June (−0.70%, up in 7 of 15). Measured over the last 15 years of each month, from the Federal Reserve's daily exchange rates (H.10), month-end to month-end.

What happens to GBP/AUD in December?

December, the month ahead, has risen in 6 of 15 years, +0.25% on average (median −0.34%).

How reliable is GBP/AUD seasonality?

Fifteen years is fifteen observations per month, so one large year can move an average a long way; the median and the count of up years are steadier. Seasonality is one input among several, and is weighed as one in the terminal's composite score.

More on GBP/AUD: GBP/AUD analysis · GBP/AUD rate differential · GBP/AUD retail sentiment · British Pound outlook · British Pound COT positioning · BoE rate expectations · UK economic surprises · Australian Dollar outlook · Australian Dollar COT positioning · RBA rate expectations · Australian economic surprises

Other seasonality: GBP/USD in Nov +0.56% · AUD/USD in Nov +0.03% · EUR/GBP in Nov −0.67% · EUR/AUD in Nov −0.10% · GBP/JPY in Nov +1.68% · GBP/CHF in Nov +0.43% · GBP/CAD in Nov +0.88% · GBP/NZD in Nov −0.40% · AUD/JPY in Nov +1.10% · AUD/NZD in Nov −0.97% · all 39

In WatchTower Terminal, the Seasonality panel draws the GBP/AUD path through the year over 5, 10 and 15 years against this year. Not financial advice.