Forex analysis - 2025-04-15 (20:05)

Forex data GBP/USD
Date : 2025-04-15
Opening : 1.31823
Higher up: 1.32519
Below: 1.31637
Closing : 1.32160

Economic news :
Futures Drop In Jittery Session, Dollar Extends Losses
UK jobs data sends conflicting messages to Bank of England
GBP/USD Analysis: Labor Data, Inflation Watch and Key Trading Levels

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

#### 1. **Current trend:**
The GBP/USD pair showed some volatility during the session of 15 April 2025, opening at 1.31823 and closing at 1.32160. The intraday trend saw a high of 1.32519 and a low of 1.31637. This indicates a slight appreciation in sterling against the US dollar over the day.

#### 2. **Impact of Economic News:**
- Futures Drop In Jittery Session, Dollar Extends Losses:** The US dollar continued to lose ground, supporting the rise in the GBP/USD pair. Investors appear to be concerned about the US economic outlook, which could weigh on the dollar.

- UK Jobs Data Sends Conflicting Messages to Bank of England:** UK jobs data sent mixed signals. While some indicators show improvement, others raise questions about the strength of the economic recovery. This complicates the Bank of England's task in making future monetary policy decisions.

- GBP/USD Analysis: Labor Data, Inflation Watch and Key Trading Levels:** The focus is also on UK inflation. Higher inflation could prompt the Bank of England to consider raising interest rates, which could strengthen the pound in the future.

#### 3. **Short-term forecast:**
- Bullish scenario:** If the dollar continues to weaken and UK economic data improves, the pair could retest the 1.32519 level, or even break above it. A break above this level could open the way to 1.33000.

- Bearish scenario:** On the other hand, if US economic data improves or if uncertainty surrounding the UK economy increases, the pair could return to test support around 1.31637. A break below this level could see the pair head towards 1.31000.

- Factors to Watch:** Investors will be keeping an eye on major economic news, particularly monetary policy decisions and economic data from both sides of the Atlantic. Comments from the Bank of England and the US Federal Reserve will be crucial in determining the future direction of GBP/USD.

Overall, the GBP/USD pair appears to be influenced by a combination of economic and political factors, with a particular focus on monetary policy developments and key economic data.