Forex data GBP/USD
Date : 2025-04-10
Opening : 1.28170
Higher up: 1.28527
Below: 1.28091
Closing : 1.28480

Economic news :
These Funds Have Taken The Biggest Hit From Tariffs
Markets Spooked By Intensifying Trade War
Global FX Market Summary: Escalating Trade Conflict, Weakening US Dollar, Gold 9 April 2025

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

#### Summary of Market Data
- Open:** 1.28170
- Higher:** 1.28527
- Lower:** 1.28091
- Closing:** 1.28480

#### Major Economic News
Current headlines point to intensifying global trade tensions, with notable repercussions for investment funds, and continued weakness in the US dollar. The situation seems to be fuelling volatility on the currency markets, particularly for GBP/USD.

#### Detailed Analysis

##### Current Trend
The GBP/USD pair showed a slight appreciation during the session, rising from an opening of 1.28170 to a close of 1.28480. This rise, though modest, indicates bullish pressure despite the uncertain economic environment. Immediate resistance lies around the day's high at 1.28527, while key support remains close to the low at 1.28091.

##### Impact of Economic News
Growing trade tensions, particularly between the United States and its trading partners, appear to have weakened the US dollar. This could explain the slight rise in sterling against the dollar. The perception of a weaker dollar is often favourable to the GBP, especially in a context where the UK could be perceived as less exposed to direct trade tensions than the US.

In addition, heightened risk aversion is driving investors towards assets perceived as safer, such as gold, which could also indirectly influence the currency market.

##### Short-Term Forecasts
- Bullish scenario:** If trade tensions continue to weigh on the dollar, the GBP could continue to appreciate, retesting resistance at 1.28527. A break above this level could open the way to 1.29000.

- Bearish scenario:** However, if developments point to a partial resolution of the trade disputes or a stabilisation of the dollar, the pair could return to support at 1.28091. A break below this level could lead to a further fall towards 1.27500.

- Factors to Watch:** Traders should keep a close eye on announcements related to trade negotiations, as well as key economic indicators from the US and the UK, which could influence the pair's future movements.

In conclusion, the GBP/USD pair is currently being influenced by complex geopolitical and economic factors. Traders must remain vigilant and ready to react to new market developments.