Forex analysis - 2025-02-28 (08:51)

Forex data GBP/USD
Date : 2025-02-28
Opening : 1.26001
Higher up: 1.26102
Below: 1.25724
Closing : 1.25850

Economic news :
The Stock Markets Cracks Are Growing As Nvidia Craters Post Earnings
Bristow Group Reports Fourth Quarter 2024 Results
USD Index Fluctuates Amid Tariff Delay Speculations

Detailed analysis:
### Complete Forex Market Analysis - GBP/USD

#### Current Trend
The GBP/USD pair showed little volatility during the session of 28 February 2025, opening at 1.26001 and closing just below 1.25850. Price movements were relatively limited, with a high of 1.26102 and a low of 1.25724. This behaviour suggests slight downward pressure, although the amplitude of movements remains moderate. The overall trend appears to be stable, but with a short-term bearish bias.

#### Impact of Economic News
1. **Stock Markets Cracks and Nvidia Earnings**: Nvidia's disappointing results have rattled stock markets, which could have a knock-on effect on overall market sentiment. A stock market under pressure may lead to increased demand for the US dollar as a safe haven, which could weigh on GBP/USD.

2. **Bristol Group Fourth Quarter Results**: Although this information is more industry-specific, the results of large companies can influence overall market sentiment, especially if results are significantly below or above expectations.

3. **USD Index and Tariff Delay Speculations**: Speculation about a possible tariff delay may create fluctuations in the US Dollar Index. If the speculation proves positive for the dollar, it could strengthen the US currency against sterling, adding further pressure to the GBP/USD pair.

#### Short-Term Forecasts
- Bullish scenario**: If speculation over tariffs calms down or if positive economic data comes out of the UK, the pair could rebound, retesting the resistance level around 1.26100.

- Bearish scenario**: Pressure on the stock markets and a potential strengthening of the US dollar could push the pair below immediate support at 1.25700. A clear break of this level could pave the way for a fall towards 1.25500.

- Neutral scenario**: In the absence of any significant new catalysts, the pair could continue to trade in a narrow range between 1.25700 and 1.26100 in the short term.

To sum up, future movements in the GBP/USD pair will depend largely on external factors, particularly market sentiment regarding economic and political developments. Traders will need to keep a close eye on economic news and movements in the dollar index to anticipate future fluctuations in the pair.