Forex data GBP/USD
Date : 2025-04-08
Opening : 1.27346
Higher up: 1.28146
Below: 1.27241
Closing : 1.27625

Economic news :
Markets Rebound After Massive Mayhem
Dollar stays on the backfoot in European morning trade
Gold Falls as US Dollar Strengthens on Tariff Fears and Recession Risks

Detailed analysis:
To analyse the GBP/USD pair on 8 April 2025, let's look at the day's key events and their potential impact on the market.

### Technical Analysis :

1. **Movements of the day:**
- Opening:** 1.27346
- Higher:** 1.28146
- Lower:** 1.27241
- Closing:** 1.27625

The GBP/USD pair showed some volatility on the day, with a notable difference between the low and the high. The close above the open suggests a slight intraday uptrend.

2. **Current trend:**
- Closing above the open, but below the high, indicates moderate upward pressure. However, failure to hold the day's high could signal resistance. This could indicate consolidation within a narrow range.

### Impact of Economic News :

1. **Markets Rebound After Massive Mayhem :**.
- This news suggests a recovery after a period of turbulence on the markets. A general rebound may boost investor confidence, which could have supported sterling against the dollar in the context of an economic recovery.

2. **Dollar Stays on the Backfoot in European Morning Trade:**
- This headline indicates weakness in the US dollar, which could have contributed to sterling's relative strength that day. Continued dollar weakness could be attributed to economic concerns or accommodative monetary policies by the Fed.

3. **Gold Falls as US Dollar Strengthens on Tariff Fears and Recession Risks :**.
- Although this headline indicates a strengthening of the dollar, this strengthening may be limited to specific times of the day or to other pairs. Recession fears and trade concerns may have a mixed impact, creating volatile movements.

### Short Term Forecast :

1. **Bullish scenario:**
- If the global economic recovery continues and the dollar continues to show signs of weakness, the pound could benefit from further support. A break above the resistance level (1.28146) could pave the way for further gains.

2. **Cashier script:**
- On the other hand, if recession fears intensify or unfavourable economic data emerge from the UK, the pound could fall back. A break below support at 1.27241 could lead to further declines.

3. **Factors to watch:**
- Investors should keep an eye on key economic releases, such as UK and US employment data, as well as monetary policy decisions on both sides of the Atlantic.

In summary, GBP/USD appears to be in a consolidation phase with significant external influences from global economic news. Future movements will depend on economic developments and monetary policy.