Forex data GBP/USD
Date : 2025-03-04
Opening : 1.26985
Higher up: 1.27094
Below: 1.26783
Closing : 1.26940

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

#### Date: 2025-03-04

**Market data:**
- Open:** 1.26985
- Higher:** 1.27094
- Lowest:** 1.26783
- Closing:** 1.26940

#### Major Economic News :
1. **Forexlive Americas FX news wrap:** US economic data disappoints, tariffs loom and OPEC+ increases production.
2. **Dollar Climbs Amidst Trade And Geopolitical Jitters:** The dollar climbs on trade and geopolitical jitters.
3. **Positive sentiment in world markets.

#### Detailed Analysis :

**1. Current trend:**
- GBP/USD** showed a slight decline, closing below its opening. This indicates moderate downward pressure on the pair, despite the fact that intraday variations are relatively narrow.
- The fact that the day's highs and lows are close to the opening and closing suggests a consolidation, with no clear direction.

**2. impact of economic news:**
- US data:** Weaker than expected US economic data may have reduced the upward pressure on the dollar, but the impact was limited by other factors.
- Tariffs and OPEC+:** Concerns about tariffs and increased OPEC+ production supported the dollar as a safe haven, putting pressure on currencies such as sterling.
- Positive sentiment:** Despite the uncertainties, positive sentiment on world markets has limited major downward movements.

**3. Short-term forecasts:**
- Bullish scenario:** If US economic data continues to disappoint and trade tensions ease, GBP/USD could rebound above 1.2700, potentially targeting resistance at 1.2750.
- Bearish scenario:** If geopolitical tensions intensify and the dollar continues to strengthen, the GBP/USD could test support at 1.2650.
- Neutral scenario:** With mixed news, the pair could continue to consolidate around its current level, barring any major economic news.

#### Conclusion :
The GBP/USD pair appears to be under moderate downward pressure, influenced by complex global dynamics. Traders should monitor economic and geopolitical developments to anticipate future movements. Particular attention should be paid to upcoming US economic releases and trade policy decisions in order to adjust positions.