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

**Opening:** 1.31012
**Higher:** 1.31135
**Lowest:** 1.28527
**Closing:** 1.28910

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

**Detailed analysis:**

- Current trend:**
The GBP/USD pair showed a bearish trend during the April 4 session, moving from an opening of 1.31012 to a close of 1.28910. The notable drop after reaching a high of 1.31135 indicates considerable selling pressure. A break below the psychological support level of 1.29000 could signal further short-term weakness.

- Impact of economic news:**
Recent news about US tariffs and their impact on the foreign exchange market has fuelled volatility. Concerns about the tariffs may weigh on the US dollar, traditionally seen as a safe haven. However, the possibility of the dollar losing its safe-haven appeal could have mixed effects, offering temporary support to sterling. The US Non-Farm Payrolls (NFP) report is also a key element to watch, as it directly influences expectations regarding the Fed's monetary policy.

- Short-term forecasts:**
Over the next few sessions, the GBP/USD pair could continue to move against a backdrop of heightened volatility. Two possible scenarios are emerging:
1. **Bullish scenario:** If US economic data, particularly the NFP, comes in below expectations, this could reinforce expectations of a more accommodative monetary policy from the Fed, weakening the dollar and allowing the pound to rebound towards the resistance levels around 1.30000.
2. **Bearish scenario:** On the other hand, robust economic data from the United States or an escalation in trade tensions could increase the pressure on the pound, with potential downside towards the 1.28000 support level.

Traders should keep a close eye on economic announcements and central bank monetary policy statements to adjust their strategies accordingly.