Forex data GBP/USD
Date : 2025-04-07
Opening : 1.29253
Higher up: 1.29338
Below: 1.27189
Closing : 1.27231

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

**Date:** 2025-04-07

**Open:** 1.29253
**Higher:** 1.29338
**Lower:** 1.27189
**Closing:** 1.27231

### Market analysis

**1. Current trend:**

The GBP/USD pair fell significantly over the course of the day, opening at 1.29253 and closing at 1.27231. This indicates predominant selling pressure on the pair. The fact that the price reached a low of 1.27189, very close to the closing level, suggests that the downward pressure was strong at the end of the day.

**2. impact of economic news:**

Recent economic news, in particular the turbulence surrounding tariffs and the release of US employment figures (NFP), has had a notable impact on the GBP/USD pair. Trade tensions can cause uncertainty in the markets, pushing investors towards safe-haven assets such as the US dollar. In addition, the NFP data directly influences expectations regarding the Federal Reserve's monetary policy, which can strengthen the dollar in the event of positive figures. These factors probably contributed to sterling's fall against the dollar.

**3. Short-term forecasts:**

- Bullish scenario:** If trade tensions ease or positive UK economic data is released, the pair could rebound towards resistance levels around 1.2800 to 1.2850. A break above these levels could signal a reversal of the downtrend.

- Bearish scenario:** If trade tensions persist and US economic data continue to support the dollar, the pair could fall further. The immediate support level to watch would be around 1.2700. A break below this level could pave the way for further declines towards 1.2600.

- Factors to watch:** Investors should keep a close eye on developments regarding tariffs, as well as any statements from the Bank of England or the Federal Reserve that could influence interest rate expectations. Key economic data, such as UK inflation and employment, will also be crucial in assessing the pair's future direction.

To sum up, the GBP/USD pair is currently under pressure due to global economic uncertainties, and future movements will depend largely on geopolitical and economic developments.