Forex analysis - 2025-02-28 (03:50)

Forex data GBP/USD
Date : 2025-02-28
Opening : 1.26001
Higher up: 1.26102
Below: 1.25833
Closing : 1.25830

Economic news :
Bristow Group Reports Fourth Quarter 2024 Results
USD Index Fluctuates Amid Tariff Delay Speculations
GBP/USD Rebounds from Support - Bullish Setup Toward 1.2725

Detailed analysis:
**Forex market analysis - GBP/USD** (in French)

**Date:** 2025-02-28

**Market data:**
- Open:** 1.26001
- Higher:** 1.26102
- Lower:** 1.25833
- Closing:** 1.25830

**Economic context:**
Forex market movements for the GBP/USD pair on 28 February 2025 were influenced by a number of economic factors and market news. Here is a detailed analysis of these elements:

**1. Current trend:**
The GBP/USD pair showed a slight downtrend on the day, closing slightly below its opening level. The trading range was relatively narrow, with a high of 1.26102 and a low of 1.25833. This trend could indicate consolidation, as traders await clearer indications of forthcoming economic and political decisions.

**2. impact of economic news:**
- Bristol Group Reports Fourth Quarter 2024 Results:** Although this news is specific to the aviation sector, it may have an indirect impact on market sentiment, especially if results are seen as an indicator of overall economic health.
- USD Index Fluctuates Amid Tariff Delay Speculations:** Speculation over a possible tariff delay has caused the US Dollar Index (USD) to fluctuate. A reduction in trade tensions could strengthen the US dollar, thus negatively impacting GBP/USD.
- GBP/USD Rebounds from Support - Bullish Setup Toward 1.2725:** Although the market closed lower, technical analysis suggests a possible bullish rebound from a key support level. Traders could see this as a buying opportunity, potentially targeting resistance at 1.2725.

**3. Short-term forecasts:**
- Bullish scenario:** If current support holds and speculation about tariff deferrals is confirmed, GBP/USD could rebound towards resistance at 1.2725. Traders will be watching the next UK and US economic indicators to confirm this trend.
- Bearish scenario:** In the event of a strengthening US dollar or unfavourable economic news for the UK, the pair could continue to fall, potentially testing support at 1.2550.

**Conclusion:**
The February 28, 2025 session for the GBP/USD pair was mainly influenced by economic uncertainties and global tariff news. Traders should keep a close eye on economic and political developments, as well as technical indicators that could suggest a change in trend in the days ahead. Key support and resistance levels will be crucial in determining the pair's future direction.