Forex data GBP/USD
Date : 2025-04-07
Opening : 1.29000
Higher up: 1.29318
Below: 1.27000
Closing : 1.27233

Economic news :
Jobs Data Limits Dollar's Losses Amid Tariff, PMI Shocks
Recession Fears Roil Market Sentiment
Monday morning open levels - indicative forex prices - 07 April 2025

Detailed analysis:
For a full analysis of the GBP/USD forex market on 7 April 2025, let's look at the key factors influencing the market.

### Technical Analysis

- The pair opened at 1.29000 and closed at 1.27233, showing a significant drop for the day. This indicates significant selling pressure.

- Range for the day:** The pair fluctuated between a high of 1.29318 and a low of 1.27000. The downward movement, with a low close to the close, reinforces the bearish trend.

- Trend:** The current trend for the day is clearly bearish. The fall below the opening level and the close near the low suggest continued pressure on the British currency against the US dollar.

### Impact of Economic News

1. **Jobs Data Limits Dollar's Losses:** US jobs data appears to have limited the dollar's losses, which may have strengthened the dollar against sterling, contributing to the fall in the GBP/USD pair.

2. **Tariff and PMI Shocks:** The tariff and PMI shocks are likely to have increased uncertainty, fuelling fears of recession. This may have increased demand for the dollar, which is often seen as a safe haven in times of economic uncertainty.

3. **Recession Fears:** Recession fears tend to weigh on currencies perceived as riskier, such as sterling, relative to the US dollar. This could explain the downward movement observed.

### Short-Term Forecasts

- Bearish scenario:** If recession fears persist and US economic data continue to support the dollar, the pair could look to retest recent lows around 1.27000 or move lower if support gives way.

- Bullish scenario:** A turnaround would require positive economic news from the UK or disappointing US data to reverse the pressure on the dollar. A recovery above 1.29000 would be necessary to envisage a short-term change in trend.

- Expected volatility:** Given the current economic uncertainties, volatility could remain high. Traders should keep a close eye on economic news and political announcements, which could influence the pair's future movements.

In conclusion, the GBP/USD pair currently appears to be under downward pressure, fuelled by economic factors and global uncertainties. Investors should remain vigilant to economic news and data that could influence future movements in this currency pair.