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 a solid performance during the session of 11 April 2025, opening at 1.29665 and closing at 1.30850. The pair reached a high of 1.31449, indicating significant bullish pressure during the day.

#### Current Trend

The GBP/USD pair posted a notable upward movement, breaking through the psychological 1.3000 level. This movement was mainly underpinned by positive economic data from the UK, in particular better-than-expected GDP growth. The performance of the US dollar, influenced by trade concerns and geopolitical tensions, also contributed to this movement.

#### Impact of Economic News

1. **U.K. GDP Beat**: The release of better-than-expected U.K. GDP strengthened sterling, boosting investor confidence in the U.K. economy. This has contributed to the rise in GBP/USD, as the prospects of a growing economy tend to attract additional investment.

2. **Dollar Woes**: The US dollar continued to suffer, breaking through the psychological 100.00 barrier on the DXY index. Concerns about trade tensions, particularly between the US and China, weighed on the dollar, adding to the downward pressure.

3. **Trade Jitters**: Persistent trade tensions have created uncertainty in the market, encouraging volatile movements. This has contributed to pressure on the dollar, making sterling more attractive against the greenback.

#### Short-Term Forecasts

1. **Bullish scenario**: If UK economic data continues to surprise positively and trade tensions persist, sterling could continue to appreciate. In that case, GBP/USD could retest resistance around 1.3150 or even 1.3200.

2. **Bearish scenario**: An easing of trade tensions or stronger US economic data could strengthen the dollar. In this case, GBP/USD could encounter resistance and return to support levels around 1.3000.

3. **Factors to Watch**: Investors should keep a close eye on trade developments between the US and China, as well as upcoming major economic releases from the UK and US, which could influence market direction.

In conclusion, the GBP/USD pair is currently being influenced by major macroeconomic factors, and traders need to remain alert to economic and geopolitical news in order to anticipate future movements.