Forex analysis - 2025-03-24 (12:52)

Forex data GBP/USD
Date : 2025-03-24
Opening : 1.29025
Higher up: 1.29317
Below: 1.29025
Closing : 1.29300

Economic news :
The risk mood keeps more positive so far on the session
Gold: Geopolitical Tensions Keep Prices Afloat, but Fed Signals Could Shift Moment
Markets Worry About Interest Rates, Growth

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

#### Date: 2025-03-24

**Opening:** 1.29025
**Higher:** 1.29317
**Lower:** 1.29025
**Closing:** 1.29300

#### Major Economic News
1. **Positive risk sentiment:** General market sentiment remains positive, which tends to support risky assets such as sterling.
2. **Geopolitical tensions and gold:** Geopolitical tensions are keeping gold prices high, but indications from the Federal Reserve could influence market sentiment.
3. **Concerns about interest rates and growth:** Markets are concerned about interest rates and economic growth, which can influence currency volatility.

#### Detailed Analysis

- Current trends:**
- The GBP/USD pair is showing a slight uptrend, as indicated by the close above the opening level, although volatility is relatively low with little difference between the day's highs and lows.
- Positive market sentiment is likely to have supported sterling, despite ongoing concerns about interest rates and growth.

- Impact of Economic News:**
- Geopolitical tensions, while supporting safe havens such as gold, have not had a significant impact on the GBP/USD pair. However, any escalation could reverse this trend.
- The Fed's interest rate signals are crucial. If the Fed signals a tighter monetary policy, this could strengthen the US dollar, putting downward pressure on the GBP/USD pair.

- Short-term forecast:**
- Bullish scenario:** If risk sentiment remains positive and the Fed adopts an accommodative tone, GBP/USD could continue to rise, testing resistance levels around 1.2950.
- Bearish scenario:** In the event of more aggressive signals from the Fed or a deterioration in global risk sentiment, the pair could fall back towards support at 1.2900 or even lower.
- Events to Watch:** Investors should watch for major economic announcements, including interest rate and UK economic data, to gauge the pair's future direction.

To sum up, the GBP/USD pair is currently benefiting from a relatively positive market environment, but remains vulnerable to changes in sentiment linked to monetary policy and geopolitical tensions.