Forex data GBP/USD
Date : 2025-03-12
Opening : 1.29428
Higher up: 1.29501
Below: 1.29416
Closing : 1.29430

Economic news :
Markets Wait For U.S. CPI Data
ForexLive European FX news wrap: The calm before the storm?
Man Group PLC : Form 8.3 - Serica Energy plc

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

#### Date: 2025-03-12

#### Daily closing data :
- Open:** 1.29428
- Higher:** 1.29501
- Lowest:** 1.29416
- Closing:** 1.29430

#### Major Economic News :
1. **Markets Wait For U.S. CPI Data** : The markets are waiting for US consumer price index (CPI) data. This data is crucial as it influences expectations regarding the Federal Reserve's monetary policies. A high CPI could strengthen the dollar by raising expectations of interest rate hikes.

2. **ForexLive European FX news wrap: The calm before the storm **: This news suggests a period of waiting and low volatility before a potential increase in market movements, linked to the next economic releases.

3. **Man Group PLC: Form 8.3 - Serica Energy plc**: Although this news mainly concerns the energy sector, it may have an indirect impact on sterling, especially if it influences perceptions of the UK economy or capital flows.

#### Detailed Analysis :

- Current trends:**
The GBP/USD pair is showing relative stability, with little variation between the day's highs and lows. This indicates a period of consolidation, probably due to the wait for US economic data.

- Impact of Economic News:**
The markets are clearly in wait-and-see mode, reacting shortly before the publication of the US CPI data. If the CPI figures are better than expected, this could strengthen the US dollar, potentially pushing the GBP/USD pair lower. Conversely, lower-than-expected figures could weaken the dollar and push the pair higher.

- Short-term forecast:**
- Bullish scenario:** If the US CPI comes in below expectations, this could lead to a weaker dollar, allowing GBP/USD to test resistance levels around 1.2960-1.2980.
- Bearish scenario:** A higher-than-expected CPI could strengthen the dollar, putting downward pressure on the GBP/USD pair, with downside potential towards the support levels around 1.2920-1.2900.
- Neutral scenario:** In the event of figures in line with expectations, the pair could continue to trade in a narrow range, reflecting the lack of clear direction.

It is crucial for traders to keep a close eye on economic releases and Federal Reserve announcements, as they will have a significant impact on future movements in the GBP/USD pair.