Forex data GBP/USD
Date : 2025-03-04
Opening : 1.26985
Higher up: 1.27094
Below: 1.26875
Closing : 1.27010

Economic news :
Forexlive Americas FX news wrap: US data sags, tariffs loom and OPEC+ pumps more
Dollar Climbs Amidst Trade And Geopolitical Jitters
Positive Sentiment In World Markets

Detailed analysis:
To carry out a complete analysis of the Forex market for the GBP/USD pair on 4 March 2025, let's look at the various aspects mentioned.

### Technical Analysis

1. **Price Data** :
- Aperture**: 1.26985
- Highest**: 1.27094
- Lowest**: 1.26875
- Close**: 1.27010

The GBP/USD pair rose slightly over the course of the day, closing above its opening price. The small amplitude between the high and low indicates a relatively stable day with little volatility. This could suggest that investors are waiting for future developments.

2. **Current Trend** :
- Closing slightly above the opening could indicate a minor uptrend or consolidation. However, the proximity of the opening and closing levels suggests indecision in the market, potentially due to conflicting economic news.

### Impact of Economic News

1. **US Data Sags** :
- Disappointing US economic data could weaken the US dollar, providing support for GBP/USD. However, this will depend on the precise nature of the data (e.g. employment, inflation) and its impact on the Fed's monetary policy expectations.

2. **Tariffs Loom and OPEC+ Pumps More** :
- Trade tensions and increased oil production by OPEC+ may influence the dollar via inflationary expectations and monetary policy. A stronger dollar due to geopolitical fears could offset the effects of poor economic data.

3. **Positive Sentiment in World Markets** :
- Positive sentiment on global markets could support risk assets, including sterling, especially if it means a greater appetite for currencies other than the dollar.

### Short-Term Forecasts

1. **Bullish scenario** :
- If geopolitical concerns ease and global markets continue to show positive sentiment, GBP/USD could see upward pressure, with potential resistance levels around 1.2720-1.2740.

2. **Cashier scenario**:
- In the event of a worsening of trade tensions or new US economic data strengthening the dollar, the pair could retreat towards support levels around 1.2680-1.2660.

3. **Neutral scenario** :
- If the opposing forces (weak economic data vs geopolitical tensions) continue to neutralise each other, the pair could remain in a narrow range, consolidating around 1.2690-1.2710.

### Conclusion

Overall, the GBP/USD pair appears to be in a holding pattern, influenced by important macroeconomic and geopolitical factors. Traders should keep a close eye on US economic developments and trade tensions, as these could have a significant impact on the pair's future direction.