Forex data GBP/USD
Date : 2025-04-04
Opening : 1.31012
Higher up: 1.31135
Below: 1.28527
Closing : 1.28910

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:
**Full analysis of the GBP/USD Forex market**.

**Date:** 2025-04-04

**Summary of the day's movements:**
- Opening:** 1.31012
- Higher:** 1.31135
- Lowest:** 1.28527
- Closing:** 1.28910

**1. Current trend:**

The GBP/USD pair fell significantly during the session of 4 April 2025, closing below its opening level. After reaching an intraday high of 1.31135, the pair declined sharply to hit a low of 1.28527 before closing at 1.28910. This dynamic indicates significant selling pressure on the pair during the day.

**2. impact of economic news:**

Several economic factors have influenced the GBP/USD pair:

- Tariff Turbulence Unabated:** Trade tensions, particularly US tariffs, continue to create uncertainty in the market. This has contributed to increased volatility and reduced investor confidence in risk assets, including sterling.

- Global FX Market Summary and NFP:** The US Non-Farm Payrolls (NFP) report, often a key indicator for the dollar, is likely to have had an impact on the pair. If the report was favourable, it would have strengthened the dollar, increasing pressure on GBP/USD.

- Although the dollar has traditionally been a safe haven in times of uncertainty, some analysts suggest that it may be losing this appeal. However, the current fall in the GBP/USD pair suggests that, despite these concerns, the dollar has benefited from increased demand as an asset of relative safety.

**3. Short-term forecasts:**

- Bullish scenario:** For GBP/USD to rally, an improvement in the UK economic outlook or a reduction in trade tensions would be required. Stabilisation around current support levels could also encourage a technical rebound.

- Bearish scenario:** If trade tensions persist and US economic data continues to surprise on the upside, pressure on the pound could intensify, leading the pair to test new lows, potentially below 1.2850.

- Increased volatility:** Given the current uncertainties, traders should expect continued volatility. Market movements are likely to be influenced by geopolitical developments and major economic data releases.

In conclusion, the GBP/USD pair is in a delicate situation with significant external influences weighing on its direction. Traders must remain vigilant in the face of economic news and geopolitical events likely to trigger major market movements.