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:
A full analysis of the Forex market for the GBP/USD pair as at 4 April 2025 reveals several key factors influencing movements in this currency pair. Here is a detailed analysis:

### Current trend :
The GBP/USD pair showed notable volatility over the course of the day, with significant movement between the high at 1.31135 and the low at 1.28527, before closing at 1.28910. This amplitude indicates significant selling pressure after the open, despite a slight initial rise. Closing below the opening level suggests a downtrend for the day.

### Impact of economic news :
1. **Tariff Turbulence Unabated** : Trade tensions, particularly the tariffs imposed by the United States, continue to create uncertainty in the markets. This tends to increase volatility on the currency markets, particularly affecting pairs involving the US dollar. Against this backdrop, sterling could come under further pressure as investors turn to assets perceived as more stable.

2. **Global FX Market Summary** : US Non-Farm Payrolls (NFP), which are crucial indicators of US economic health, can have a strong influence on the dollar. A weaker than expected release could weaken the dollar, but the impact on GBP/USD will also depend on investors' overall perception of risk.

3. **Why the US Dollar Could Be Losing Its Safe-Haven Appeal**: If the dollar loses its safe-haven status, this could lead investors to revalue their currency positions, potentially in favour of sterling. However, this dynamic is complex and depends on many factors, including the perception of economic stability in the UK.

### Short-term forecasts :
1. **Bullish scenario**: If trade tensions ease or US data disappoints, this could weaken the dollar, allowing GBP/USD to rebound towards the 1.3000 level or beyond. A return of risk appetite could also support the pound.

2. **Bearish scenario**: If trade tensions intensify or if US economic data exceeds expectations, the dollar could strengthen further, pushing GBP/USD to lower levels, potentially testing support around 1.2800.

3. **Neutral scenario**: If the economic news stabilises and market movements calm down, the pair could consolidate around current levels, between 1.2850 and 1.2950, while awaiting further guidance.

In summary, GBP/USD is currently being influenced by major external factors, including trade tensions and US economic data. Traders should keep a close eye on political and economic developments to anticipate future movements.