Forex data GBP/USD
Date : 2025-02-28
Opening : 1.26001
Higher up: 1.26220
Below: 1.25589
Closing : 1.25740
Economic news :
Cable falls to a ten-day low in a sharp turn as alliances begin to crumble
Trade Jitters, Tech Rout And PCE Worries Hit Market Sentiment
ForexLive European FX news wrap: Dollar remains steady going into February home straight
Detailed analysis:
**Full analysis of the GBP/USD Forex market**.
**Date:** 2025-02-28
**Open:** 1.26001
**Highest:** 1.26220
**Lower:** 1.25589
**Closing:** 1.25740
### Detailed analysis
#### Current trend :
The GBP/USD pair showed a downward trend during the day, closing at 1.25740 after opening at 1.26001. The drop to a low of 1.25589 indicates significant selling pressure, probably exacerbated by recent economic and geopolitical factors. The general trend seems to be influenced by risk aversion in the markets, leading to increased demand for the US dollar as a safe haven.
#### Impact of economic news :
1. **Cable falls to a ten-day low in a sharp turn as alliances begin to crumble**: This news suggests political or economic tensions affecting the UK, which could reduce investor confidence in sterling. Uncertainty over alliances or agreements could have negative economic implications, adding to the downward pressure on the GBP.
2. **Trade Jitters, Tech Rout And PCE Worries Hit Market Sentiment** : Worries about global trade and the technology sector, combined with concerns about the Personal Consumption Expenditure (PCE) price index, are affecting overall market sentiment. These factors are increasing volatility and pushing investors towards safer assets, such as the US dollar.
3. **ForexLive European FX news wrap: Dollar remains steady going into February home straight** : The stability of the US dollar in the face of these uncertainties is strengthening its dominant position, which is weighing on the GBP/USD pair.
#### Short-term forecasts :
**Bullish scenario:** If positive news emerges regarding the stabilisation of the UK's political or economic alliances, or if better-than-expected UK economic data is published, the pound could regain ground. A return above 1.2600 would be a first sign of recovery.
**Bearish scenario:** If political or economic tensions persist or worsen, selling pressure could continue, pushing the pair towards lower levels, potentially below support at 1.2550. Investors will also be keeping an eye on US economic data, as strong figures could strengthen the dollar.
**Conclusion:** The market remains sensitive to economic and political news. Traders should closely monitor geopolitical developments and key economic indicators to anticipate the future direction of GBP/USD. Cautious risk management is advised in this uncertain climate.
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