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:
### Complete Forex Market Analysis - GBP/USD

#### Date: 2025-04-04

#### Market data :
- Opening:** 1.31012
- Higher:** 1.31135
- Lowest:** 1.28527
- Closing:** 1.28910

#### Major Economic News :
1. **Tariff Turbulence Unabated**: Trade tensions persist with tariffs continuing to affect the global market.
2. **Global FX Market Summary**: Indicates fluctuations due to US tariffs and US employment data (NFP).
3. **Why the US Dollar Could Be Losing Its Safe-Haven Appeal** : The US dollar could lose its safe-haven status, which could influence capital flows.

#### Detailed Analysis :

##### Current Trend :
The GBP/USD pair showed notable volatility during the day, with a significant gap between highs (1.31135) and lows (1.28527). This volatility can be attributed to global economic uncertainties, including ongoing trade tensions and economic news from the United States. The close at 1.28910, below the opening level, indicates downward pressure on sterling against the US dollar.

##### Impact of Economic News :
1. **Trade tensions** : US tariffs affect not only world trade but also investor confidence, which often translates into increased volatility on the currency market. The persistence of these tensions could continue to weigh on GBP/USD.

2. **US Employment Data (NFP)** : Employment figures have a direct impact on the US dollar. A disappointing performance could weaken the dollar, while solid figures could strengthen its position.

3. **Potential loss of the safe haven status of the dollar**: If the dollar loses its safe haven status, this could lead to a reallocation of assets into other currencies, including sterling, although this would also depend on economic conditions in the UK.

##### Short Term Forecast :
- Optimistic scenario**: If trade tensions ease and UK economic data is positive, we could see sterling recover towards the 1.31 level or beyond.
- Pessimistic scenario**: If tensions persist and the dollar strengthens on the back of robust US economic data, the pair could retest its lows and even fall below 1.28.
- Neutral scenario**: In the absence of any significant news, the market could consolidate around the 1.29 zone, with limited fluctuations until new catalysts appear.

In summary, the GBP/USD pair is currently being influenced by global economic factors, and investors should keep a close eye on economic and political developments to anticipate future movements.