Forex analysis - 2025-03-21 (20:57)

March 22, 2025

Forex data GBP/USD
Date : 2025-03-21
Opening : 1.29684
Higher up: 1.29703
Below: 1.28873
Closing : 1.29110

Economic news :
Markets Worry About Interest Rates, Growth
ForexLive European FX news wrap: Dollar steady as risk sentiment stays on edge
GBP/USD Forecast: Markets Pivot from Tariffs to Monetary Policy

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

#### 1. **Current trend:**
GBP/USD opened at 1.29684 and closed slightly lower at 1.29110. Over the course of the day, the high was 1.29703 and the low 1.28873, indicating moderate volatility. The general trend for the day appears to be bearish, closing below the opening level.

#### 2. **Impact of Economic News:**
Recent economic news has had a significant impact on the GBP/USD :

- Fears about interest rates and economic growth are influencing investor confidence. A rise in US interest rates could strengthen the dollar, putting downward pressure on GBP/USD.

- Risk sentiment:** The dollar remained stable despite cautious market sentiment. Investors seem to be adopting a wait-and-see approach in the face of economic uncertainty.

- Market shift from tariff policy to monetary policy:** Market shift towards monetary policy could influence the pair's movements. Decisions and expectations regarding the monetary policies of the Bank of England and the US Federal Reserve will be crucial.

#### 3. **Short-term forecast:**
There are several possible scenarios for future sessions:

- Bullish scenario:** If UK economic data surprises positively or if the Bank of England adopts a more aggressive stance on interest rates, the pair could rebound towards the resistance levels around 1.29700.

- Bearish scenario:** If fears about growth and interest rates persist, the dollar could continue to strengthen, pushing GBP/USD towards support at 1.28800.

- Neutral scenario:** A lack of major economic news or unexpected developments could keep the pair in a narrow range, hovering around 1.29000.

### Conclusion
The GBP/USD pair is currently being influenced by concerns about interest rates and economic growth. Investors should keep a close eye on central bank statements and key economic indicators that could influence the pair's future movements. A cautious approach is recommended given the current uncertainties.

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