Forex data GBP/USD
Date : 2025-04-08
Opening : 1.27000
Higher up: 1.28000
Below: 1.27000
Closing : 1.27792

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

#### Date: 2025-04-08

- Opening:** 1.27000
- Highest:** 1.28000
- Lowest:** 1.27000
- Closing:** 1.27792

#### Major Economic News :
1. **Jobs Data Limits Dollar's Losses Amid Tariff, PMI Shocks:** Recent US employment data has limited the US dollar's losses despite the shocks associated with tariffs and PMI indices.
2. **Recession Fears Roil Market Sentiment:** Recession fears continue to roil market sentiment.

#### Detailed Analysis :

- Current trends:**
- The GBP/USD pair showed a degree of resilience despite the economic turbulence. Opening at 1.27000 and closing at 1.27792, the pair showed a moderate upward movement over the course of the day, signalling a degree of optimism for sterling against the US dollar.

- Impact of Economic News:**
- US employment data played a key role in limiting the dollar's losses, providing temporary support for the US currency. However, growing concerns about a recession, exacerbated by the tariff and PMI shocks, are weighing heavily on overall market sentiment.
- Sterling enjoyed a slight rise, probably due to market sentiment seeking to move away from dollar-denominated assets in times of economic uncertainty.

- Short-term forecast:**
- Optimistic scenario:** If recession fears ease and positive economic data emerges from the UK, the pair could retest resistance at 1.28000 and potentially target higher levels.
- Pessimistic scenario:** In the event of a further deterioration in global economic sentiment or bad economic news from the UK, the pair could fall back towards support at 1.27000, or even break it to reach new lows.
- Factors to Watch:** Investors should keep a close eye on upcoming UK and US economic reports, including inflation data and monetary policy decisions, which could significantly influence the future direction of GBP/USD.

#### Conclusion :
The GBP/USD pair remains in a tricky situation, influenced by contrasting economic factors. Future movements will depend heavily on global economic developments and monetary policies on both sides of the Atlantic. Traders should remain alert to potential fluctuations in economic news and market indicators.