Forex data GBP/USD
Date : 2025-04-17
Opening : 1.32415
Higher up: 1.32440
Below: 1.32021
Closing : 1.32050

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:
For a complete analysis of the GBP/USD forex market on 17 April 2025, we need to consider a number of factors, including price movements, economic news and short-term forecasts.

### Current trend :
GBP/USD opened at 1.32415 and closed at 1.32050, after hitting a high of 1.32440 and a low of 1.32021. This variation indicates a slight downtrend for the day. The lower close suggests selling pressure, possibly influenced by economic factors or profit-taking after a possible earlier rally.

### Impact of economic news :

1. **UK inflation update (March 2025):**.
- New inflation data could have a significant impact on GBP/USD. If inflation is higher than expected, this could prompt the Bank of England (BoE) to consider a tighter monetary policy, although forecasts of a rate cut could suggest otherwise. Lower inflation could reinforce expectations of a rate cut, putting downward pressure on sterling.

2. **Wipro results:**
- Although Wipro is an Indian company, its results may influence overall market sentiment, particularly if the results impact the economic outlook or global equity markets. However, the direct impact on GBP/USD is likely to be limited.

3. **Growth constraints due to tariffs:**
- Concerns about tariffs and their potential impact on global economic growth may prompt investors to adopt a more cautious stance, strengthening safe-haven assets such as the US dollar. This could contribute to a fall in the GBP/USD pair.

### Short-term forecasts :

- Bullish scenario:** If the BoE adopts a less accommodative tone than expected, due to higher inflation, or if US economic data disappoints, the pair could rebound towards the resistance level around 1.32500.

- Bearish scenario:** If growth fears persist and expectations of a rate cut by the BoE intensify, the pair could fall further, testing support at 1.31800.

- Neutral scenario:** In the absence of any significant news and if the markets digest recent information, the pair could move sideways around its current closing level, within a narrow range.

In conclusion, the short-term performance of the GBP/USD pair will largely depend on investors' perception of the BoE's monetary policy in response to the inflation data, as well as on the evolution of fears linked to tariffs and global economic growth.