Forex analysis - 2025-04-18 (13:53)

Forex data GBP/USD
Date : 2025-04-18
Opening : 1.32631
Higher up: 1.32985
Below: 1.32536
Closing : 1.32940

Economic news :
Kraken Pro Rolls Out Forex Perpetual Futures
Man Group PLC : Form 8.3 - Serica Energy plc
Worried about Your UCITS ETFs Denominated in USD? Perhaps the Funds Should be Denominated in Yen!

Detailed analysis:
To carry out a complete analysis of the GBP/USD forex market on a given date, we will look at a number of aspects, including the current trend, the impact of recent economic news and short-term forecasts.

### Current trend

The GBP/USD opened at 1.32631 and closed at 1.32940, with a high of 1.32985 and a low of 1.32536 for the day of 18 April 2025. This trend shows a slight strengthening in sterling against the US dollar over the session. The fact that the close was close to the day's high suggests continued upward pressure at the end of the trading day.

### Impact of economic news

1. **Kraken Pro Rolls Out Forex Perpetual Futures** : The launch of derivatives such as perpetual futures by Kraken may influence the volatility of currency pairs, including GBP/USD, by giving traders more tools to speculate on price movements. This could attract more liquidity to the Forex market, potentially increasing volatility.

2. **Man Group PLC: Form 8.3 - Serica Energy plc**: Although this news is more specific to a particular sector (energy), it may indirectly affect the GBP/USD if it influences investor perception of the UK economy or market sentiment.

3. **Worried about Your UCITS ETFs Denominated in USD? Perhaps the Funds Should be Denominated in Yen!** : This information highlights concerns about currency fluctuations for UCITS funds, which may cause investors to re-evaluate their hedging strategies. This could have an impact on capital flows, indirectly affecting GBP/USD.

### Short-term forecasts

- Bullish scenario**: If the uptrend continues, the GBP/USD could test new resistance levels above 1.3300. Investors will probably be watching UK economic data and Bank of England announcements for further clues.

- Bearish scenario**: A correction could occur if the US dollar strengthens on the back of further positive economic data or a change in Federal Reserve policy. In this case, support could be tested around 1.3250.

- Neutral scenario**: The market could remain in a narrow range if investors wait for more clarity on monetary policy or other major economic events.

### Conclusion

The GBP/USD pair is currently showing a slight uptrend, but investors must remain vigilant to economic and political developments that could influence future movements. Recent news, albeit indirect, could contribute to increased volatility, offering opportunities for attentive traders. Short-term forecasts will depend heavily on economic announcements and monetary policies on both sides of the Atlantic.