Understanding the natural variability of climate is important for predicting its near-term evolution. Models of the oceans' thermohaline and wind-driven circulation show low-frequency oscillations. Long instrumental records can help validate the oscillatory behavior of these models. Singular spectrum analysis applied to the 335-year-long central England temperature (CET) record has identified climate oscillations with interannual (7- to 8-year) and interdecadal (15- and 25-year) periods, probably related to the North Atlantic's wind-driven and thermohaline circulation, respectively. Statistical prediction of oscillatory variability shows CETs decreasing toward the end of this decade and rising again into the middle of the next.