Forex analysis - 2025-03-12 (15:59)

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:
To carry out a complete analysis of the GBP/USD forex market on 12 March 2025, we need to look at a number of aspects, including price movements, economic influences and short-term forecasts.

### Technical Analysis

1. **Price movements** :
- Open** : 1.29428
- Highest**: 1.29501
- Lowest**: 1.29416
- Close**: 1.29430

The GBP/USD pair showed very little volatility over the course of the day, with very little difference between the high and low. This indicates a relatively stable market with no sharp movements.

2. **Current Trend** :
- The stability of prices suggests that there is no clear trend for the day. This could be due to investors waiting for major economic events or uncertainties in the market.

### Impact of Economic News

1. **Incidence of Trump's Tariffs**:
- The uncertainty surrounding the tariffs imposed by former US President Donald Trump appears to have had a positive effect on GBP/USD. This could be due to a perception that the UK economy could be less affected by these uncertainties than the US economy, thereby strengthening sterling.

2. **Weak Dollar** :
- News of general weakness in the US dollar helped to strengthen sterling. This is often the result of accommodative monetary policies or less favourable US economic data.

3. **Gold Prize** :
- The pullback in gold prices ahead of the release of crucial US inflation data (CPI) could signal an expectation of increased volatility in the markets, which could indirectly influence GBP/USD.

### Short-Term Forecasts

1. **Possible Scenarios** :
- Bullish scenario**: If US inflation data (CPI) comes in below expectations, this could weaken the dollar further, supporting a rise in the GBP/USD.
- Bearish scenario**: Conversely, if inflation data is higher than expected, this could strengthen the dollar, putting downward pressure on the GBP/USD.
- Neutral scenario**: In the absence of any surprises in economic data or other geopolitical events, the pair could continue to trade in a narrow range.

### Conclusion

The GBP/USD pair is currently being influenced by external factors such as the uncertainty surrounding US tariff policies and the weakness of the dollar. Upcoming economic data, particularly inflation data, will play a crucial role in the pair's short-term performance. Traders should keep a close eye on these developments and adjust their strategies accordingly.