Forex analysis - 2025-04-17 (01:55)

Forex data GBP/USD
Date : 2025-04-17
Opening : 1.32415
Higher up: 1.32440
Below: 1.32141
Closing : 1.32150

Economic news :
U.K. Inflation Update March 2025: GBP/USD Market Analysis And BoE Rate Cut Predictions
Wipro Announces Results for the Quarter and Year Ended March 31, 2025
Tariff Jitters Fuel Growth Fears

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

**Date:** 2025-04-17

### Market context

The GBP/USD pair showed some volatility during the 17 April 2025 session, opening at 1.32415 and closing at 1.32150. The pair reached a high of 1.32440 and a low of 1.32141, indicating a relatively narrow movement on the day.

### Current trend

The current trend for the GBP/USD pair appears to be slightly bearish, as evidenced by the lower close relative to the open. This fall, although marginal, could signal selling pressure on sterling against the US dollar.

### Impact of economic news

1. **UK inflation update (March 2025):**.
- The UK's inflation update is likely to have played a crucial role in the GBP/USD pair's momentum. Higher-than-expected inflation could strengthen the pound in anticipation of rate hikes from the Bank of England (BoE). However, if inflation is under control or below expectations, this could encourage a more accommodative monetary policy, weakening the pound.

2. **Wipro financial results:**
- Although Wipro is an Indian company, its results may have an indirect impact on the currency market, particularly if UK institutional investors are involved. However, the direct impact on GBP/USD is likely to be limited.

3. **Growth constraints due to tariffs:**
- Growth fears fuelled by tariffs could adversely affect the GBP/USD if they increase risk aversion on the financial markets. Such a situation could strengthen the US dollar, seen as a safe haven, against sterling.

### Short-term forecasts

- Bullish scenario:** If the forthcoming UK economic data show an improvement or if the Bank of England gives hawkish signals, the pound could strengthen. A return above 1.32440 could indicate renewed bullish momentum.

- Bearish scenario:** If tariff fears intensify or if UK economic data disappoints, pressure on the pound could increase. A break below 1.32141 could pave the way for further declines towards lower support levels.

### Conclusion

The GBP/USD pair is currently being influenced by major economic factors, including UK inflation forecasts and global growth fears. Investors should keep a close eye on statements from the Bank of England and global economic developments to anticipate future movements. Against this backdrop, caution is the order of the day, with particular attention being paid to key technical levels and forthcoming economic announcements.