Forex data GBP/USD
Date : 2025-04-11
Opening : 1.29665
Higher up: 1.31449
Below: 1.29641
Closing : 1.30850

Economic news :
GBP/USD Peaks Above 1.3000 On U.K. GDP Beat, DXY Breaks Psychological 100.00 Barrier
Trade Jitters Dominate Market Mood
ForexLive European FX news wrap: Dollar woes continue, China hits back on tariffs

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

#### Market context
The GBP/USD showed positive momentum on 11 April 2025, opening at 1.29665 and closing at 1.30850 after reaching a high of 1.31449. This movement indicates an appreciation of sterling against the US dollar over this period, mainly influenced by economic and geopolitical factors.

#### Current trend
The pair has breached the psychological level of 1.3000, which marks an important technical threshold. Breaking this level suggests further upside potential, bolstered by the UK's improving economic fundamentals, including positive GDP data.

#### Impact of business news
1. **UK GDP growth** : The publication of better than expected GDP figures has strengthened sterling. A stronger UK economy is attracting investors, increasing demand for the pound.

2. **DXY and US Dollar** : The Dollar Index (DXY) broke through the psychological 100.00 threshold, indicating dollar weakness. This has contributed to the rise in GBP/USD, as a weaker dollar makes the pound more attractive.

3. **Trade tensions**: Trade tensions between the United States and China continue to weigh on the market, creating an environment of uncertainty. However, China's response to US tariffs could reinforce perceptions of risk, prompting investors to seek refuge in currencies such as sterling.

#### Short-term forecasts
1. **Bullish scenario**: If UK economic data continues to surprise positively and the dollar remains under pressure, GBP/USD could test new highs, potentially around 1.3200. Staying above 1.3000 would be critical for this scenario.

2. **Bearish scenario**: In the event of a strengthening US dollar or renewed global economic tensions, the pair could fall back below 1.3000, potentially testing support at 1.29641. A correction could be expected if economic conditions deteriorate.

3. **Factors to watch**: It will be important to follow economic announcements on both sides of the Atlantic, particularly monetary policy decisions and new data on employment and inflation. Geopolitical developments, particularly trade relations between the major powers, will continue to influence the market.

#### Conclusion
The GBP/USD's recent performance has been encouraged by solid UK fundamentals and a weak dollar. However, global uncertainties and geopolitical factors could alter this momentum. Careful monitoring of economic indicators and geopolitical news is essential to anticipate future movements in the pair.