Forex data GBP/USD
Date : 2025-04-08
Opening : 1.27000
Higher up: 1.28000
Below: 1.27000
Closing : 1.27799

Economic news :
Gold Falls as US Dollar Strengthens on Tariff Fears and Recession Risks
Little on the agenda in Europe today
Jobs Data Limits Dollar's Losses Amid Tariff, PMI Shocks

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

#### Date: 2025-04-08

- Opening:** 1.27000
- Highest:** 1.28000
- Lowest:** 1.27000
- Closing:** 1.27799

#### Major Economic News

- Gold Falls as US Dollar Strengthens on Tariff Fears and Recession Risks:** The strengthening of the US dollar, partly due to tariff fears and recession risks, has influenced markets, particularly commodities such as gold.

- Little on the agenda in Europe today:** Few major economic events in Europe, which could indicate relatively low volatility for sterling in the absence of specific catalysts.

- Jobs Data Limits Dollar's Losses Amid Tariff, PMI Shocks:** US employment data helped limit the dollar's losses despite the tariff and PMI shocks, providing moderate support for the greenback.

#### Detailed Analysis

- Current trends:**
The GBP/USD pair is showing a moderate uptrend, closing above its opening level. The day's movement showed a high of 1.28000, indicating an attempt to break through resistance, but the close below this level suggests some hesitation.

- Impact of Economic News:**
The strengthening of the US dollar due to tariff fears and recession risks put pressure on the GBP/USD pair. However, strong US employment data limited the dollar's losses, preventing a more significant appreciation in sterling. The lack of major economic events in Europe left the GBP with no clear direction, relying more on dollar movements.

- Short-term forecast:**
- Bullish scenario:** If concerns over tariffs ease and sterling finds technical support at the current close, the pair could retest the 1.28000 resistance level and potentially aim higher.

- Bearish scenario:** If recession fears intensify or if new economic data supports the dollar, the pair could return to test the 1.27000 support level. A break below this level could indicate increased downward pressure.

- Factors to watch:** Investors should monitor political and economic developments in the United States, particularly on trade policy, as well as any major economic announcements in the United Kingdom that could influence sterling.

To sum up, the GBP/USD market remains sensitive to the dynamics of the US dollar and global economic news. Traders should remain vigilant to economic announcements and political developments, which could influence the pair's volatility.