British Pound Forecast: Sterling Crosses Prove Tired - Setups for EUR/GBP, GBP/JPY, GBP/USD Advertisement British Pound Outlook: The British Pound is finishing one of the worst times of the year per seasonality studies, and given that context, the month of May has been quite good. GBP/JPY and GBP/USD rates are hovering below key resistance levels, while EUR/GBP rates may continue to drift higher. Recent changes in retail trader positioning suggest a mostly mixed bias for the British Pound. Sterling Grinding Sideways The British Pound has seemingly been stuck in the mud for the past few weeks, masking what has otherwise been a strong month of May. In fact, considering that Sterling is finishing one of the worst times of the year per seasonality studies, the British Pound’s gain are that much more impressive. Even if the major GBP-crosses have appeared to have tired in the last half of May, they remain generally well-positioned to capitalize on bullish technical opportunities in the coming periods.