Forex analysis - 2025-03-28 (01:51)

Forex data GBP/USD
Date : 2025-03-28
Opening : 1.29506
Higher up: 1.29515
Below: 1.29405
Closing : 1.29452

Economic news :
Fresh Tariffs Hit Market Sentiment
Fresh Tariffs Hit Market Sentiment
GBP/USD Climbs as US GDP Strengthens, UK Retail Sales in Focus

Detailed analysis:
For a full analysis of the GBP/USD forex market on 28 March 2025, we'll look at the evidence provided, including market data and major economic news.

### 1. **Market Data Analysis:**

- Opening:** 1.29506
- Higher:** 1.29515
- Lowest:** 1.29405
- Closing:** 1.29452

The GBP/USD pair has shown little volatility during this session, with a relatively narrow price range. This may indicate a period of waiting or consolidation in the market, with little significant directional movement.

### 2. **Impact of Economic News:**

- Fresh Tariffs Hit Market Sentiment:** The introduction of new tariffs can have a negative impact on market sentiment, creating uncertainty that could affect capital flows and investment decisions. This could lead to downward pressure on sterling if the UK is perceived to be vulnerable to the economic impacts of tariffs.

- A strengthening US GDP is generally positive for the US dollar, which could put downward pressure on GBP/USD if the dollar strengthens against sterling.

- UK Retail Sales in Focus:** UK retail sales are a key indicator of economic health. A strong performance could support sterling, while disappointing results could increase selling pressure.

### 3. **Current trend:**

The combined influence of the news on tariffs and the strength of US GDP seems to indicate downward pressure on the GBP/USD pair. The low volatility of the session could suggest that traders are waiting for more clarity on the impact of economic news before taking significant positions.

### 4. **Short-term forecast:**

- Bullish scenario:** If UK retail sales surprise positively, this could provide support for sterling, allowing the pair to rebound towards the top of its recent range.

- Bearish scenario:** If tariff worries persist and UK economic data is weak, the pair could continue to fall, potentially testing lower support levels, such as the recent low of 1.29405 or below.

- Neutral scenario:** In the absence of any significant economic news or geopolitical developments, the pair could continue to move sideways in a narrow range.

In conclusion, it is important to keep a close eye on economic and geopolitical developments, as they will play a crucial role in determining the future direction of GBP/USD.