Forex analysis - 2025-02-24 (17:09)

Forex data GBP/USD
Date : 2025-02-24
Opening : 1.26500
Higher up: 1.26905
Below: 1.26117
Closing : 1.26282

Economic news :
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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:
**Full analysis of the GBP/USD Forex market**.

**Date:** 2025-02-24

### Analysis of market movements

**Opening:** 1.26500
**Higher:** 1.26905
**Lower:** 1.26117
**Closing:** 1.26282

The GBP/USD pair showed moderate volatility throughout the day, with a slight downtrend. After opening at 1.26500, the pair reached a high of 1.26905 before retreating to a low of 1.26117, finally closing at 1.26282. This dynamic indicates downward pressure on sterling against the US dollar.

### Current trend

The current trend for the GBP/USD pair appears to be slightly bearish. The fact that the pair closed below the opening level suggests selling pressure. However, the closeness of the closing price to the day's low indicates that buyers were unable to regain control towards the end of the session.

### Impact of economic news

1. **US Dollar Weakness:** The weakening of the US dollar mentioned in the recent news could generally favour a rise in GBP/USD. However, the pair's downward movement indicates that other factors are offsetting this dollar weakness.

2. **Mixed US PMI Data:** Mixed US PMI data may have created economic uncertainty, contributing to increased market volatility. This may have prevented a clear direction for GBP/USD.

3. **10 Best Low Priced Stocks to Invest in Now:** Although this news is not directly related to Forex, it may influence market sentiment and capital flows, indirectly affecting currencies.

### Short-term forecasts

**Possible scenarios for future sessions:**

1. **Bullish scenario:** If the US dollar continues to weaken and UK economic data improves, we could see a rebound towards the 1.26500 level and potentially beyond. Investors could look to take advantage of dollar weakness to buy sterling-denominated assets.

2. **Bearish scenario:** If pressure on sterling persists, due in particular to local economic concerns or unfavourable news, the pair could retest support at 1.26117 or even fall below this level.

3. **Neutral scenario:** In the event of balanced economic news and mixed market sentiment, the pair could move sideways between 1.26117 and 1.26500, with no clear direction.

In conclusion, although the weakness of the US dollar could theoretically support the pound, local economic factors and global uncertainties currently appear to be weighing more heavily on the GBP/USD pair. Traders need to keep a close eye on economic developments on both sides of the Atlantic to better anticipate future movements.