Forex data GBP/USD
Date : 2025-03-12
Opening : 1.29428
Higher up: 1.29501
Below: 1.29416
Closing : 1.29430
Economic news :
GBP/USD Boosted by Trump's Tariff Uncertainty - What's Next for the Pair?
GBP/USD Price Analysis: Dollar Weakness Strengthens Sterling
Gold Prices Retreat Ahead of Crucial US Data - Could CPI Print Spark a Rebound?
Detailed analysis:
### Complete Forex Market Analysis - GBP/USD (12 March 2025)
#### Summary of the Day's Data
- Open:** 1.29428
- Higher:** 1.29501
- Lowest:** 1.29416
- Closing:** 1.29430
The GBP/USD pair showed little volatility on the day, with a very narrow range between the high and low. This suggests a period of consolidation or waiting in the market, in the absence of any significant directional movements.
#### Major Economic News
1. **Trump's Tariff Uncertainty:** The uncertainty surrounding the tariffs imposed by the Trump administration is having an impact on market sentiment. Market participants seem cautious, which could explain the consolidation seen.
2. **Dollar Weakness:** The weakness of the US dollar appears to be supporting sterling. This dynamic is mainly influenced by concerns about US monetary policy and political uncertainty.
3. **Gold Prices and US Data:** The pullback in gold prices ahead of the release of crucial US inflation data (CPI) could indicate an expectation of significant moves in the dollar. If US inflation surprises, this could lead to increased volatility in forex, also affecting GBP/USD.
#### Detailed Analysis
- The GBP/USD pair appears to be in wait-and-see mode, consolidating around the 1.29430 level. Low volatility suggests that traders are waiting for clearer catalysts before taking directional positions.
- Impact of Economic News:**
- Trump's tariffs:** Uncertainty over tariffs may limit upward movements in the pound if perceived risks increase.
- Dollar weakness:** As long as the dollar remains weak, this could continue to support the pound in the short term.
- US data:** US inflation data are crucial. Higher than expected inflation could strengthen the dollar, which could put pressure on the pound.
#### Short-Term Forecasts
- Bullish scenario:** If US data disappoints and the dollar continues to weaken, the pair could attempt to break through resistance at 1.2950 and aim for higher levels.
- Bearish scenario:** On the other hand, if US inflation data is higher than expected, reinforcing expectations of a rate hike by the Fed, the dollar could strengthen, pushing the GBP/USD pair towards support at 1.2940 and potentially lower.
- Neutral scenario:** If uncertainties persist and data are in line with expectations, the pair could continue to consolidate in its current range.
Overall, future movements in the GBP/USD pair will depend heavily on economic developments in the United States and news on tariff policies. Traders should keep a close eye on economic announcements and political statements to adjust their strategies.
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