Forex data GBP/USD
Date : 2025-02-24
Opening : 1.26500
Higher up: 1.26905
Below: 1.26286
Closing : 1.26500
Economic news :
10 Best Low Priced Stocks to Invest in Now
Monday morning open levels - indicative forex prices - 24 February 2025
Global FX Market Summary: US Dollar Weakness, Mixed US PMI Data 21 February 2025
Detailed analysis:
### Complete Forex Market Analysis - GBP/USD
#### Market Context
The GBP/USD pair showed a degree of stability during the session of 24 February 2025, opening and closing at the same level of 1.26500. Intraday fluctuations were relatively limited, with a high of 1.26905 and a low of 1.26286. This suggests a consolidation session, with buying and selling forces fairly balanced.
#### Current Trend
The current trend for the GBP/USD pair appears to be neutral to slightly bullish, due to the GBP's ability to hold its opening level despite intraday fluctuations. However, the inability to close above the opening level indicates that buyers have not yet taken full control.
#### Impact of Economic News
1. **US Dollar Weakness:** Global currency market summary indicates weakness in the US Dollar, which could provide support for the GBP/USD pair. Dollar weakness generally makes sterling more attractive to investors, which could contribute to slight upward pressure on the pair.
2. **Mixed US PMI data:** Mixed US PMI data adds to economic uncertainty, which could keep volatility high. It could also limit the dollar's ability to strengthen significantly, supporting the GBP.
3. **Other Financial News:** Although the news about cheap equities is not directly related to forex, it does indicate a potentially cautious investment climate, where investors may be looking for safer assets, including stable currencies such as sterling.
#### Short-Term Forecasts
There are several possible scenarios for future sessions:
1. **Bullish scenario:** If the US dollar continues to show weakness and UK economic data is positive, GBP/USD could retest the resistance level around 1.2700. A break above this level could pave the way for further gains. A break above this level could pave the way for further gains.
2. **Bearish scenario:** In the event of an unexpected strengthening in the dollar, perhaps due to positive economic news or tighter monetary policy from the Fed, the GBP/USD could return to test the support levels around 1.2600.
3. **Neutral scenario:** If current factors persist without significant change, the pair could continue to move in a narrow range, consolidating between 1.2620 and 1.2700 until new information catalyses a more pronounced move.
#### Conclusion
The GBP/USD pair is currently in a consolidation phase, influenced by the weakness of the US dollar and mixed economic data. Investors will need to keep a close eye on future economic developments, both in the US and the UK, to assess the pair's future direction. Key technical levels to watch include support at 1.2600 and resistance at 1.2700.
English (UK) 
Français