Forex data GBP/USD
Date : 2025-04-07
Opening : 1.29000
Higher up: 1.29119
Below: 1.28869
Closing : 1.29047

Economic news :
Monday morning open levels - indicative forex prices - 07 April 2025
Tariff Turbulence Unabated
Global FX Market Summary: US Tariffs, Nonfarm Payrolls (NFP), Currency Market Volatility 4 April 2025

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

#### Date: 2025-04-07

**Course of the day:**
- Opening:** 1.29000
- Higher:** 1.29119
- Lowest:** 1.28869
- Closing:** 1.29047

#### Major Economic News :
1. **Tariff Turbulence Unabated:** Trade tensions persist with the United States imposing new tariffs which are affecting global markets.
2. **Global Currency Market Summary:** The Non-Farm Payrolls (NFP) data published on 4 April 2025 has created increased volatility in the currency market.

#### Detailed Analysis :

- Current trends:**
The GBP/USD pair showed a slight rise at the close compared with the open, indicating a degree of resilience despite the turbulence in the market. However, the price variation is relatively small, with a range of just 25 pips between the day's high and low. This could indicate uncertainty among traders, particularly in the context of trade tensions.

- Impact of Economic News:**
News of US tariffs continues to affect the market, creating uncertainty which is reflected in currency volatility. Recent NFP data, which is a key indicator of US economic health, has contributed to this volatility. A positive NFP report could strengthen the US dollar, putting downward pressure on GBP/USD. Conversely, disappointing results could weaken the dollar, offering support to the GBP.

- Short-term forecast:**
- Bullish scenario:** If trade tensions ease or positive UK economic data is released, the pair could test the resistance level near 1.29200. A break above this level could pave the way for further gains.
- Bearish scenario:** If trade tensions intensify or if new US economic data supports a stronger dollar, the pair could retest support around 1.28800. A break below this level could lead to increased selling pressure.

#### Conclusion :
The GBP/USD market is currently being influenced by major external factors, including trade tensions and US economic indicators. Traders should monitor political and economic developments closely to anticipate future movements. Prudent risk management is recommended given the current market volatility.