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

**1. Current Trend:**

The GBP/USD pair showed significant volatility during the session of 4 April 2025. The market opened at 1.31012 and reached a high of 1.31135, but suffered a sharp decline to close at 1.28910. This descent indicates prevailing selling pressure, probably influenced by external factors and economic news.

**2. impact of economic news:**

- Tariff Turbulence Unabated:** Trade tensions, specifically in relation to tariffs, continue to create uncertainty in the financial markets. This has tended to increase volatility on the currency markets, negatively impacting sterling against the dollar. Investors may favour assets that are less exposed to these tensions, which could explain the pressure on the GBP.

- Global FX Market Summary:** Recent developments regarding US tariffs and employment data (NFP) have increased market volatility. Although US employment data is generally positive for the dollar, the uncertainty surrounding tariffs could weaken the dollar as a safe haven.

- Why the US Dollar Could Be Losing Its Safe-Haven Appeal:** If the dollar loses its safe-haven appeal, this could potentially reduce the downward pressure on the GBP. However, for the time being, the market reaction seems to indicate a preference for selling the GBP/USD pair, perhaps due to other economic or political factors affecting the UK.

**3. Short-term forecasts:**

- Bearish scenario:** If selling pressure persists, the pair could continue to test support near the session low of 1.28527. A break below this level could lead to further declines, especially if trade tensions intensify or unfavourable economic data emerges.

- Bullish scenario:** Conversely, if market sentiment improves, for example through positive developments in tariff negotiations or favourable UK economic data, the pair could rebound towards short-term resistance around 1.3100. A return above this level could signal a trend reversal.

- Anticipated volatility:** Investors should be prepared for continued volatility due to the current economic uncertainty. Rapid and unpredictable price movements can present business opportunities, but also increased risks.

In summary, the GBP/USD pair is currently under pressure, influenced by global economic factors and trade tensions. Traders should keep a close eye on political and economic developments to adjust their strategies accordingly.