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 forex market is particularly influenced by economic and political news, and GBP/USD is no exception. Recent data shows that the pair opened at 1.29665, reached a high of 1.31449, a low of 1.29641, and closed at 1.30850. This movement indicates relatively high volatility over the course of the day, with a bullish trend marked by a close above the psychological level of 1.3000.

#### Current Trend
The GBP/USD pair showed a bullish trend during the session analysed. The breach of the 1.3000 level suggests renewed optimism for sterling, supported by favourable economic factors. The gap between the open and close, and the fact that the close was close to the day's high, indicate continued buying pressure.

#### Impact of Economic News
1. **UK GDP growth** : The release of better-than-expected UK GDP strengthened sterling, helping to push it above 1.3000. This points to a more resilient UK economy, which is attracting investors to the pound.

2. **US Dollar Problems** : The Dollar Index (DXY) has broken through the psychological threshold of 100.00, indicating weakness in the US dollar. This weakness is exacerbated by trade tensions and tariff measures between the US and China, making the dollar less attractive.

3. **Trade tensions** : Concerns about international trade tensions are creating general uncertainty on the markets, influencing flows into currencies seen as safe havens or those perceived as more stable in the current environment.

#### Short-Term Forecasts
**Possible scenarios:**
1. **Continuation of uptrend**: If UK economic data continues to be positive and trade tensions persist, the pound could continue to rise. A sustained close above 1.3100 could pave the way for the next resistance levels, around 1.3200.

2. **Technical correction**: After a significant upward movement, a technical correction could occur. Traders could take profits, causing the pair to retest support around 1.3000.

3. **Influence of US data**: US economic releases, such as employment or inflation figures, could reverse the current trend if they beat expectations, strengthening the dollar.

In conclusion, the GBP/USD pair is showing signs of strength, mainly supported by a favourable UK economic environment and a weakening dollar. However, the uncertainties surrounding global trade tensions continue to weigh on the market, requiring increased vigilance on the part of traders.