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

#### Date: 2025-04-11

**Open:** 1.29665
**Higher:** 1.31449
**Lowest:** 1.29641
**Closing:** 1.30850

#### Major Economic News :

1. **GBP/USD Peaks Above 1.3000 On U.K. GDP Beat**: GBP/USD peaked above 1.3000 on better than expected U.K. GDP data. This boosted confidence in sterling, supporting the pair.

2. **DXY Breaks Psychological 100.00 Barrier**: The US Dollar Index (DXY) broke the psychological 100.00 level, indicating continued dollar weakness, which also contributed to the rise in the GBP/USD pair.

3. **Trade Jitters Dominate Market Mood**: Concerns about global trade continue to dominate the market, with trade tensions between the US and China weighing on investor sentiment.

4. **ForexLive European FX News Wrap**: The US dollar's persistent problems are exacerbated by China's response to US tariffs, adding further pressure on the greenback.

#### Detailed Analysis :

- Current trends:**
The current trend for the GBP/USD pair is bullish. The break of the 1.3000 level indicates strong buying pressure, supported by positive UK economic fundamentals and a weak US dollar.

- Impact of Economic News:**
Recent economic news has had a significant impact on the pair. The fact that UK GDP expectations were exceeded strengthened sterling, while the dollar's weakness, amplified by trade tensions, created a favourable backdrop for the pair's rise.

- Short-term forecast:**
There are several possible scenarios for future sessions:
1. **If UK economic data continues to be positive and the dollar remains under pressure, the pair could test new highs, potentially above 1.3150.
2. **Technical correction:** A technical correction could occur if traders take profits after the recent rise. In this case, a return to key support around 1.3000 is possible.
3. **The influence of trade tensions:** News on the front of trade tensions between the United States and China could create volatility. An escalation could intensify pressure on the dollar, favouring the pound, while an easing could partially reverse the trend.

In conclusion, the GBP/USD pair is currently benefiting from favourable factors, but economic and geopolitical developments will continue to play a crucial role in its short-term evolution. Traders should keep a close eye on economic announcements and global trade news to assess the pair's future movements.