Forex data GBP/USD
Date : 2025-04-02
Opening : 1.29227
Higher up: 1.29491
Below: 1.29001
Closing : 1.29362

Economic news :
ForexLive Asia-Pacific FX news wrap: Trump reciprocal tariff announcement due later
Avenix Fzco Introduces Avexbot: Data-Driven Precision for Forex Traders
Markets Worry About Recession In The U.S.

Detailed analysis:
For a full analysis of the GBP/USD forex market on 2 April 2025, let's look at the various aspects mentioned.

### Current Trend :
The GBP/USD pair showed a slight rise on the day, opening at 1.29227 and closing at 1.29362. Fluctuations between the low (1.29001) and the high (1.29491) indicate some intraday volatility, but the close above the opening level suggests slight upward pressure.

### Impact of Economic News :
1. **Trump Reciprocal Tariff Announcement**: The former US President's planned reciprocal tariff announcement could create uncertainty in the markets, particularly if it involves measures affecting trade between the US and the UK. This could potentially weaken the dollar in the event of increased trade tensions, which would be bullish for GBP/USD.

2. **Avenix Fzco and Avexbot**: The introduction of an automated trading tool such as Avexbot could influence trading volumes and volatility in the short term, although its direct impact on prices is likely to be limited.

3. **US Recession Concerns** : Concerns about a US recession could weigh on the US dollar, as investors may anticipate a more accommodative monetary policy from the Federal Reserve. This could support sterling against the dollar, contributing to an uptrend in GBP/USD.

### Short Term Forecast :
- Bullish scenario**: If worries about a US recession persist and trade tensions rise, GBP/USD could continue to climb, potentially testing resistance around 1.2950 to 1.3000.

- Bearish scenario**: On the other hand, if Trump's tariff announcements are seen as positive for the US economy or if favourable US economic data is released, this could strengthen the dollar, pushing GBP/USD towards support around 1.2900 or below.

In conclusion, the next few trading sessions will depend heavily on economic news developments, particularly those relating to US trade policy and the US economic outlook. Traders should keep a close eye on official communications and future economic data in order to adjust their strategies accordingly.