Forex data GBP/USD
Date : 2025-04-04
Opening : 1.31000
Higher up: 1.31136
Below: 1.28548
Closing : 1.29002

Economic news :
Tariff Turbulence Unabated
Global FX Market Summary: US Tariffs, Nonfarm Payrolls (NFP), Currency Market Volatility 4 April 2025
Why the US Dollar Could Be Losing Its Safe-Haven Appeal

Detailed analysis:
For a complete analysis of the GBP/USD pair on 4 April 2025, we need to look at market data, recent trends and relevant economic news. Here is a detailed analysis:

### Current trend :
The GBP/USD pair opened at 1.31000 and closed at 1.29002, indicating a significant fall over the course of the day. The high reached was 1.31136, and the low was 1.28548, showing notable volatility throughout the session. The overall trend for the day is bearish, suggesting selling pressure on sterling against the US dollar.

### Impact of economic news :
1. **Tariff Turbulence Unabated** : Ongoing trade tensions, particularly tariffs, continue to disrupt financial markets. This may have contributed to increased volatility in the currency markets, including the GBP/USD pair. Tariffs can negatively affect investor confidence and increase demand for safe haven assets such as the US dollar.

2. **Global FX Market Summary**: The FX Market Summary indicates reactions to US economic data, particularly Nonfarm Payrolls (NFP), which provide indications of US employment. Better or worse than expected results can influence perceptions of the strength of the US economy, thus impacting the value of the dollar.

3. **Why the US Dollar Could Be Losing Its Safe-Haven Appeal**: Despite trade tensions, factors such as political uncertainty and Federal Reserve monetary policy decisions could erode the dollar's safe-haven appeal. If the dollar loses its appeal, this could potentially support sterling, but this has not yet been reflected in today's movements.

### Short-term forecasts :
- Bullish scenario**: If tensions over tariffs ease or positive UK economic data is released, the pound could regain strength, pushing GBP/USD back towards the opening zone or above 1.31000.

- Bearish scenario**: If trade tensions intensify or if US data continues to surprise positively, the dollar could strengthen further, pushing the pair to test lower levels, potentially below the 1.28500 threshold.

- Neutral scenario**: The pair could stabilise around current levels if investors wait for more clarity on economic and political developments, leading to consolidation in a narrow range.

In conclusion, the GBP/USD pair is currently under bearish pressure, influenced by global economic uncertainties and trade tensions. Traders should keep a close eye on tariff policy developments and key economic publications to assess the pair's future movements.