Forex data GBP/USD
Date : 2025-04-08
Opening : 1.27000
Higher up: 1.28000
Below: 1.27000
Closing : 1.27882

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

#### 1. **Current trend:**
The GBP/USD pair showed some volatility during the day, opening at 1.27000, reaching a high of 1.28000 before closing at 1.27882. This fluctuation indicates moderate upward pressure, although the market opened and bottomed at the same level of 1.27000, which could suggest solid support at this level.

#### 2. **Impact of Economic News:**
Recent economic news is playing a crucial role in the GBP/USD pair's current momentum:

- Jobs Data Limits Dollar's Losses:** US employment data appears to have limited the dollar's losses, which may have contributed to the dollar's resilience against sterling. Employment figures can influence expectations about the Fed's monetary policies, thus impacting on the strength of the dollar.

- Tariff, PMI Shocks:** The tariff and PMI shocks are likely to have created uncertainty in the markets. Such shocks can lead to risk aversion, which would generally favour the dollar as a safe haven, although this also depends on specific expectations for the UK and US economies.

- Recession Fears Roil Market Sentiment:** Recession fears may influence investors to seek safer assets, potentially strengthening the dollar. However, if recession is seen as more likely in the US economy, this could weaken the dollar against sterling.

#### 3. **Short-term forecast:**

- Bullish scenario:** If UK economic data is positive and US recession fears intensify, GBP/USD could continue to rise, retesting the resistance level around 1.28000 or even higher. A breach of this resistance could pave the way for higher levels.

- Bearish scenario:** Conversely, if US economic data continues to surprise positively, strengthening the dollar, or if news on tariffs and PMIs favours the dollar, the pair could fall back towards support at 1.27000. A break below this level could indicate a move towards lower support levels.

- In the absence of any major economic news or surprises, the pair could consolidate between 1.27000 and 1.28000 as traders wait for more clarity on the global economic outlook.

### Conclusion
The GBP/USD pair is currently being influenced by a complex mix of economic and geopolitical factors. Traders need to keep a close eye on economic developments and political announcements on both sides of the Atlantic to anticipate future movements. Careful monitoring of economic data, including employment, PMIs and trade policies, will be essential in devising effective trading strategies.