Forex data GBP/USD
Date : 2025-04-14
Opening : 1.30913
Higher up: 1.32010
Below: 1.30615
Closing : 1.31810

Economic news :
Dollar Tumbles Amidst Uncertain U.S. Trade Policy, Easing Inflation
Trade Reliefs Buoy Market Sentiment
Man Group PLC : Form 8.3 - Serica Energy PLC

Detailed analysis:
**Full analysis of the GBP/USD Forex market**.

**Date:** 2025-04-14

**Summary of market movements:**

The GBP/USD opened at 1.30913, reached a high of 1.32010, a low of 1.30615, and closed at 1.31810. This represents a significant appreciation in sterling against the US dollar on the day.

**Technical analysis:**

1. **Current trend:** The GBP/USD pair is showing a bullish trend for the day, with a significant move above the opening level. The close near the day's high indicates sustained buying pressure.

2. **Key levels:**
- Resistance:** The 1.32010 level could serve as short-term resistance, being the highest reached during the day.
- Support:** The 1.30615 level, the lowest of the day, could be used as support in the event of a retracement.

**Impact of economic news:**

1. **Dollar Tumbles Amidst Uncertain U.S. Trade Policy, Easing Inflation:** The weakening of the U.S. dollar is mainly attributed to uncertainty surrounding U.S. trade policy and falling inflation. These factors are reducing demand for the dollar, thereby strengthening sterling.

2. **Trade Reliefs Buoy Market Sentiment:** Trade reliefs have improved market sentiment, favouring riskier assets such as sterling, contributing to the appreciation of GBP/USD.

3. **Man Group PLC : Form 8.3 - Serica Energy PLC :** Although this news is company specific, it may reflect positive sentiment in the UK financial sector, indirectly supporting sterling.

**Short-term forecasts:**

- Bullish scenario:** If the pair manages to breach and hold above resistance at 1.32010, this could pave the way for further rises, with potential targets around 1.32500.

- Bearish scenario:** In the event of a correction, the pair could retest support at 1.30615. A break below this level could signal a reversal in the uptrend.

- Factors to watch:** Investors should keep an eye on any developments regarding US trade policy and other key US and UK economic indicators, which could influence the future direction of GBP/USD.

In conclusion, the GBP/USD pair currently appears to be supported by fundamental and technical factors favourable to sterling. However, macroeconomic uncertainties, particularly those linked to US trade policy, could lead to increased volatility.