Forex data GBP/USD
Date : 2025-03-31
Opening : 1.29000
Higher up: 1.30000
Below: 1.28901
Closing : 1.29134

Economic news :
Tariff Fears Hit Market Sentiment
Dollar Edges Down Despite PCE Inflation Uptick
ForexIGO by Avenix Fzco Enhances Automated Trading with Dual-Asset Precision

Detailed analysis:
For a complete analysis of the GBP/USD forex market on 31 March 2025, let's look at the various aspects mentioned:

### Current trend
The GBP/USD pair showed a slight intraday rise, opening at 1.29000 and closing at 1.29134, with a high of 1.30000 and a low of 1.28901. This indicates moderate volatility in the session, with a close slightly above the opening level, suggesting light buying pressure but not enough to sustain gains above 1.30000. The overall trend for the day appears to be neutral to slightly bullish, but intraday movements indicate hesitation among traders.

### Impact of Economic News
1. **Tariff Fears Hit Market Sentiment: Tariff fears may have a negative impact on market sentiment, potentially weighing on sterling if the UK is seen as vulnerable to trade tensions. This could limit the pound's gains against the dollar.

2. **Dollar Edges Down Despite PCE Inflation Uptick**: Although the Personal Consumption Expenditure (PCE) price index is rising, the dollar's decline suggests that other factors, such as monetary policy or economic uncertainties, could put downward pressure on the greenback. This could provide support for sterling in the GBP/USD pair.

3. **ForexIGO by Avenix Fzco Enhances Automated Trading with Dual-Asset Precision**: Although this news is more specific to the trading technology sector, it could influence the dynamics of algorithmic trading, potentially increasing liquidity and reducing short-term volatility.

### Short-Term Forecasts
There are several possible scenarios for future sessions:
- Bullish scenario**: If market sentiment improves, particularly with tariff fears easing, and the dollar continues to weaken, GBP/USD could retest resistance levels around 1.30000.
- Bearish scenario**: If trade tensions intensify and risk sentiment deteriorates, or if the dollar recovers from inflationary pressures, the pair could fall back towards support at 1.28900 or even lower.
- Sideways Scenario**: In the absence of major economic news or geopolitical events, the pair could move in a narrow range around its closing level, with traders waiting for more clarity on economic developments.

Traders need to keep a close eye on economic announcements and political developments likely to influence the market, while taking account of key technical levels to make informed decisions.