Forex data GBP/USD
Date : 2025-04-01
Opening : 1.29150
Higher up: 1.29260
Below: 1.29110
Closing : 1.29250

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 pair on 1 April 2025, let's look at the various aspects influencing the market:

### Current trend :

The GBP/USD pair showed a slight rise over the course of the day, opening at 1.29150 and closing at 1.29250. The price movement was relatively narrow, with a high at 1.29260 and a low at 1.29110. This suggests some indecision in the market, with slight upward pressure.

### Impact of economic news :

1. **Tariff Fears Hit Market Sentiment: Tariff fears can affect sterling if they involve the UK or its major trading partners. It could also affect the US dollar if trade tensions involve the United States. Against this backdrop, investor caution could limit significant movements in the pair.

2. **Dollar Edges Down Despite PCE Inflation Uptick** : The fact that the US dollar fell slightly despite a rise in PCE inflation indicates that other factors could be weighing on the dollar, such as accommodative monetary policy or economic uncertainties. This could offer support to sterling in this pair.

3. **ForexIGO by Avenix Fzco Enhances Automated Trading** : Improved automated trading systems could increase liquidity and volatility in the Forex market, including the GBP/USD pair. However, the immediate impact of this news may be limited.

### Short-term forecasts :

Given the economic news and the price action observed, there are several possible scenarios for the coming sessions:

1. **Bullish scenario**: If tariff fears ease and the dollar continues to depreciate, GBP/USD could continue to rise. Investors could look to exploit a relatively stronger pound against a weaker dollar.

2. **Bearish scenario**: If trade tensions intensify or if new US economic data supports a stronger dollar, the pair could retreat. A break below support at 1.29110 could signal further downward pressure.

3. **Neutral scenario**: The pair could continue to move in a narrow range if uncertainties persist and trading volumes remain low. Traders could wait for clearer indications of market direction.

### Conclusion :

The GBP/USD pair is currently being influenced by a number of external factors, including trade tensions and movements in the US dollar. Investors should keep a close eye on economic and political developments to identify trading opportunities. Short-term support and resistance levels will play a crucial role in determining the pair's future movements.