Forex analysis - 2025-02-26 (03:13)

Forex data GBP/USD
Date : 2025-02-26
Opening : 1.26717
Higher up: 1.26776
Below: 1.26602
Closing : 1.26628

Economic news :
GBP/USD Forecast Turns Negative Amid US Inflation, Tariffs
Dollar Weakens Despite Hawkish Fed And Fresh Tariff Warnings
World Markets Trade On A Mixed Note

Detailed analysis:
To analyse the GBP/USD pair on 26 February 2025, we need to take into account the market data provided and the economic news influencing this market.

### Technical Analysis

1. **Current trend:**
- GBP/USD opened at 1.26717 and closed slightly lower at 1.26628. This indicates a slight downtrend for the day.
- The high for the day was 1.26776 and the low was 1.26602, showing low intraday volatility.
- The fact that the close is closer to the day's low reinforces the idea of selling pressure.

2. **Technical indicators:**
- Without additional information on moving averages, RSI, MACD, etc., it is difficult to give a complete technical analysis. However, the small variation between the high and low may indicate a consolidating market or low volatility.

### Fundamental Analysis

1. **Impact of Economic News:**
- Negative forecasts for GBP/USD due to US inflation and tariffs point to potential downward pressure on sterling.
- The US dollar is weakening despite an aggressive monetary policy from the Fed and new tariff warnings, which could normally be favourable for GBP/USD. However, the impact of tariffs seems to be dominating market uncertainty.
- With global markets on a mixed note, this can add to volatility and uncertainty, potentially influencing the pair as capital moves.

### Short-Term Forecasts

1. **Possible scenarios:**
- Bearish scenario:** If concerns about US inflation and tariffs persist, the pair could continue to fall, potentially testing support around 1.2650 or lower.
- Bullish scenario:** If the dollar continues to weaken and markets find relief in some positive economic news, the pair could rebound, with potential resistance around 1.2680-1.2700.
- Neutral scenario:** The pair could continue to consolidate in a narrow range if investors wait for more clarity on economic policies and global developments.

In conclusion, although the current trend looks slightly bearish, economic uncertainties and global news can quickly influence the direction of the GBP/USD pair. Traders should keep a close eye on economic developments in the United States and the United Kingdom, particularly those relating to inflation and pricing policies.