Forex data GBP/USD
Date : 2025-03-13
Opening : 1.29617
Higher up: 1.29671
Below: 1.29600
Closing : 1.29630
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: 2025-03-13
**Market data:**
- Open:** 1.29617
- Higher:** 1.29671
- Lowest:** 1.29600
- Closing:** 1.29630
#### Current Trend :
The GBP/USD pair is showing relatively low volatility with a narrow price range for the day, indicating a period of consolidation and indecision among traders. This situation is often seen prior to the release of important economic data, which could lead to sharp market movements afterwards.
#### Impact of Economic News :
1. **Markets Wait For U.S. CPI Data:**
- Awaiting data on the US consumer price index (CPI) is creating an atmosphere of caution in the market. The CPI is a key indicator of inflation, and its results can influence the Federal Reserve's monetary policy decisions. Higher than expected inflation could strengthen the US dollar, putting downward pressure on the GBP/USD.
2. **ForexLive European FX news wrap: The calm before the storm **.
- This headline suggests that the market is in a holding pattern ahead of potentially disruptive events, such as the release of economic data or political announcements. This is contributing to the low volatility seen in the GBP/USD pair today.
3. **Man Group PLC : Form 8.3 - Serica Energy plc :**
- Although this news is more sector-specific, movements in large companies can sometimes influence general market sentiment, particularly if it has an impact on the UK economy. However, in this context, the effect on GBP/USD is likely to be limited.
#### Short Term Forecast :
- Optimistic scenario:** If the US CPI comes in below expectations, this could weaken the dollar, allowing the GBP/USD pair to rise. Immediate resistance would be around 1.29700, followed by 1.29800.
- Pessimistic scenario:** A better-than-expected CPI would strengthen the dollar, pushing GBP/USD lower. The support to watch would be around 1.29500, with a potential dip towards 1.29400.
- Neutral scenario:** If the CPI is in line with expectations, the market could continue to consolidate in the current range, with traders waiting for other indicators or news before taking positions.
#### Conclusion :
The GBP/USD pair is currently in a holding pattern, with traders anticipating the publication of the US CPI. The results of this data will probably have a significant impact on the pair's short-term direction. Investors need to remain vigilant and ready to react to important economic news.
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