Forex data GBP/USD
Date : 2025-03-31
Opening : 1.29000
Higher up: 1.30000
Below: 1.28901
Closing : 1.29196

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:
Here is a complete analysis of the Forex market for the GBP/USD pair based on the information provided :

### Current trend
The GBP/USD pair showed a slight rise over the course of the day, opening at 1.29000 and closing at 1.29196. The day's movement was characterised by a degree of volatility, with a high of 1.30000 and a low of 1.28901. This narrow range indicates a relatively stable session despite the tensions in the market.

### Impact of Economic News
1. **Tariff Fears Hit Market Sentiment**: Tariff fears are having a negative impact on market sentiment, potentially affecting sterling due to the economic uncertainty they engender. This could limit the GBP's gains against other currencies, including the US dollar.

2. **Dollar Edges Down Despite PCE Inflation Uptick**: Although the US Personal Consumption Expenditure (PCE) price index rose, which is generally a positive indicator for the dollar, it fell back slightly. This could be due to profit-taking or to monetary policy expectations already built into prices. This fall in the dollar may have offered some support to GBP/USD.

3. **ForexIGO by Avenix Fzco Enhances Automated Trading with Dual-Asset Precision**: This new technology could have an indirect impact on the market by improving the accuracy and efficiency of automated trading strategies. Although the immediate impact on the GBP/USD is limited, improved trading tools could have a long-term impact on market liquidity and volatility.

### Short-Term Forecasts
There are several possible scenarios for future sessions:

- Bullish scenario**: If the dollar continues to weaken, particularly with disappointing US economic data or accommodative monetary policies, GBP/USD could retest resistance levels around 1.30000.

- Bearish scenario**: If tariff fears intensify or if further disappointing UK economic data is published, the pound could come under downward pressure. In that case, the pair could move down towards support at 1.28500.

- Sideways Scenario**: In the absence of any significant news, the pair could continue to fluctuate in a narrow range between 1.29000 and 1.30000 as traders wait for more clarity on the global economic outlook and monetary policies.

### Conclusion
The GBP/USD pair is currently being influenced by global economic factors and technological developments. Traders should pay close attention to upcoming economic announcements, particularly those concerning tariffs and inflation, which could influence the pair's future movements. Cautious risk management is advised in this uncertain market environment.