Forex analysis - 2025-04-24 (13:50)

Forex data GBP/USD
Date : 2025-04-24
Opening : 1.32539
Higher up: 1.33207
Below: 1.32505
Closing : 1.33040

Economic news :
Man Group PLC : Form 8.3 - Serica Energy plc
GBP/USD Forecast: Dollar Dips as Growth Worries Weigh
ForexLive Asia-Pacific FX news wrap: Trump talks tough on tariffs again

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

#### 1. **Market Data Summary
- Opening:** 1.32539
- Higher:** 1.33207
- Lowest:** 1.32505
- Closing:** 1.33040

The GBP/USD pair showed moderate volatility over the course of the day, with a slight uptrend manifested by a close above the opening level.

#### 2. **Current Trend
The current trend appears to be slightly bullish, with the GBP/USD pair recording a higher high on its opening and closing close to the day's high. This could indicate increased buying pressure, potentially supported by economic and political factors.

#### 3. **Impact of Economic News
- Man Group PLC : Form 8.3 - Serica Energy plc :** This announcement does not have a direct impact on the foreign exchange market, but it could reflect interest in UK investments, indirectly boosting sterling.

- GBP/USD Forecast: Dollar Dips as Growth Worries Weigh:** Concerns about US economic growth have weighed on the dollar, offering support to sterling in this environment. If these concerns persist, they could continue to influence the pair in the short term.

- ForexLive Asia-Pacific FX News Wrap: Trump Talks Tough on Tariffs Again:** Trump's statements on tariffs could create uncertainty in the markets, affecting the US dollar and, consequently, GBP/USD. If trade tensions increase, this could weaken the dollar further, offering upside potential for the pound.

#### 4. **Short term forecast**.
- Bullish scenario:** If concerns about US growth persist and trade tensions intensify, the pound could continue to strengthen against the dollar. In this case, a test of the resistance level around 1.3350 could be envisaged.

- Bearish scenario:** If future US economic data shows signs of resilience or if trade tensions ease, the dollar could regain ground, pushing the GBP/USD pair to retest the support levels around 1.3250.

#### 5. **Conclusion
The GBP/USD pair is currently being influenced by external factors such as US economic concerns and trade tensions. Investors should keep a close eye on economic and political developments, as these will play a crucial role in determining the pair's future direction. Particular vigilance on major economic announcements and political speeches will be essential to adjust positions accordingly.