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:
The Forex market analysis for the GBP/USD pair to 4 April 2025 presents several key elements to consider, based on recent price data and economic news.

### Current trend

Over the course of the day, the GBP/USD pair experienced notable volatility, with a significant movement between its high at 1.31135 and its low at 1.28527, finally closing at 1.28910. The general trend appears to be bearish over this period, given the close below the opening level. This decline could be attributed to external factors influencing the currency market.

### Impact of Economic News

1. **Tariff Turbulence Unabated** : Trade tensions, particularly the tariffs imposed by the United States, continue to create uncertainty on the markets. This has probably contributed to the increased volatility and downward pressure on sterling against the US dollar. Tariffs can affect investor confidence and risk perception, which often results in capital flows into currencies considered to be safe havens, such as the dollar.

2. **Global FX Market Summary and Nonfarm Payrolls (NFP)** : US employment data, such as NFP, are crucial economic indicators that directly influence the US dollar. A stronger-than-expected NFP report could strengthen the dollar on expectations of tighter monetary policy from the Federal Reserve, putting further pressure on GBP/USD.

3. **Loss of the dollar's safe-haven appeal**: If the dollar loses its safe-haven appeal, this could provide medium-term support for sterling. However, in the short term, the effects of tariffs and economic data seem to dominate.

### Short-Term Forecasts

- Bullish scenario**: If trade tensions ease or positive UK economic data emerges, we could see a technical rebound towards resistance levels near 1.3000. A weakening dollar, due to a changing perception of its safe-haven status, could also support this scenario.

- Bearish scenario**: If trade tensions persist and US economic data continue to support the dollar, the downward pressure could continue. In this case, support levels around 1.2800 could be tested. A continuation of the downtrend could be exacerbated by weak UK economic data or political uncertainty.

### Conclusion

The GBP/USD pair is currently being influenced by major external factors, including trade tensions and US economic data. Traders need to keep a close eye on political and economic developments, as well as important economic announcements, to adjust their strategies accordingly. Volatility remains high, and sharp movements are possible in both directions depending on new information.