Forex data GBP/USD
Date : 2025-04-18
Opening : 1.32631
Higher up: 1.32985
Below: 1.32536
Closing : 1.32940
Economic news :
US Crypto Exchange Kraken Expands to Stocks, ETFs and FX Perpetual Futures
Kraken Pro Rolls Out Forex Perpetual Futures
Man Group PLC : Form 8.3 - Serica Energy plc
Detailed analysis:
The Forex market analysis for the GBP/USD pair as of 18 April 2025, shows a trading day with a slight progression, where the price opened at 1.32631 and closed at 1.32940. Here is an in-depth analysis taking into account the data provided:
### Current trend
The GBP/USD pair showed a slight uptrend on the day, as suggested by the move from the opening price at 1.32631 to the close at 1.32940. This moderate rise indicates some buying pressure over the course of the day, but it is essential to note that the range was not very wide, which could indicate some hesitation or expectation on the part of traders.
### Impact of economic news
The economic news mentioned above seems to have an indirect impact on the GBP/USD pair:
1. **Kraken's expansion into equities, ETFs and currency futures** : Kraken's expansion could impact investor perception of US financial markets. Although this news is mainly focused on the crypto-currency and equities sector, it could boost confidence in the innovation and diversity of financial products in the US, indirectly affecting the dollar.
2. **Kraken Pro and currency futures** : The introduction of currency trading products by Kraken could indicate a growing interest in Forex related financial instruments, which could increase market volatility in the short term. However, the direct impact on GBP/USD could be limited in the short term.
3. **Man Group PLC and Serica Energy**: Although this news is more specific to the energy industry, it may influence the perception of the UK market in terms of mergers and acquisitions, which could affect sterling in terms of investor confidence.
### Short-term forecasts
For future sessions, several scenarios could be developed:
- Bullish scenario**: If confidence in the UK market increases or if positive economic data emerges from the UK, the pair could continue to climb, potentially testing resistance around 1.33.
- Bearish scenario**: Conversely, if the US dollar benefits from positive news or if economic uncertainties arise in the UK, we could see GBP/USD fall back towards support around 1.325.
- Neutral scenario**: If markets continue to await major economic news or political decisions, the pair could continue to trade in a narrow range around current levels.
### Conclusion
The GBP/USD pair is currently in a slight uptrend, influenced by a variety of economic news. Traders should keep a close eye on economic developments on both sides of the Atlantic, as well as any news regarding monetary policy or geopolitical events that could affect the pair. The next few sessions could reveal new trends, particularly if any significant economic data is released.
