Forex analysis - 2025-02-28 (13:51)

Forex data GBP/USD
Date : 2025-02-28
Opening : 1.26001
Higher up: 1.26102
Below: 1.25724
Closing : 1.25950

Economic news :
GBP/USD Teeters Following Another Tariff Tantrum
The Stock Markets Cracks Are Growing As Nvidia Craters Post Earnings
Bristow Group Reports Fourth Quarter 2024 Results

Detailed analysis:
The Forex market analysis for the GBP/USD pair on 28 February 2025, based on the day's data and major economic news, can be broken down as follows:

### Current trend :
The GBP/USD pair fell slightly over the course of the day, opening at 1.26001 and closing at 1.25950. This slight fall, although marginal, could indicate moderate downward pressure on the pair. The day's range, with a high of 1.26102 and a low of 1.25724, shows relatively low volatility, suggesting a cautious or indecisive market.

### Impact of economic news :
1. **Tariff Tantrum**: Trade tensions and news of tariffs may create uncertainty in the market. This could have a negative effect on the GBP, as the UK is an open economy and any disruption to global trade can influence sterling. This uncertainty may contribute to the downward pressure we are seeing.

2. **Stock market crisis** : The difficulties experienced by Nvidia and the negative sentiment on the stock markets may lead to risk aversion among investors. This could lead to a move towards safe-haven assets such as the US dollar, putting further pressure on GBP/USD.

3. **Bristow Group results**: Although not directly related to GBP/USD, corporate financial results can influence overall market sentiment. If results are perceived negatively, this could increase risk aversion.

### Short-term forecasts :
- Bullish scenario**: If trade tensions ease or positive news emerges, this could strengthen sterling and push the pair to retest resistance around 1.26102 or higher.

- Bearish scenario**: If trade tensions intensify or market sentiment remains negative due to the performance of the stock markets, the pair could continue to fall, testing support at 1.25724 and potentially lower.

- Neutral scenario**: In the absence of any significant news, the pair could continue to consolidate around current levels, with limited volatility.

### Conclusion :
The GBP/USD pair is currently being influenced by external factors, including trade tensions and global market sentiment. Traders should monitor developments related to tariffs and stock markets to assess the pair's future direction. Key levels to watch include resistance at 1.26102 and support at 1.25724.