Forex analysis - 2025-04-28 (17:58)

Forex data GBP/USD
Date : 2025-04-28
Opening : 1.33045
Higher up: 1.34203
Below: 1.32797
Closing : 1.34140

Economic news :
Futures Erase Losses As Markets Brace For Earnings Avalanche
Bright Scholar Announces Unaudited Financial Results for the Second Quarter of Fiscal Year 2025
Man Group PLC : Form 8.3 - Serica Energy plc

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

**Date:** 2025-04-28
**Opening:** 1.33045
**Higher:** 1.34203
**Lowest:** 1.32797
**fence:** 1.34140

### Current trend :

The GBP/USD pair showed a bullish trend during the session, opening at 1.33045 and closing at 1.34140. The fact that the closing price was close to the day's high (1.34203) indicates strong buying pressure throughout the day. This could be the result of a combination of technical and fundamental factors favouring sterling against the US dollar.

### Impact of economic news :

1. **Futures Erase Losses As Markets Brace For Earnings Avalanche:**
This news indicates positive market expectations for corporate earnings. This may have boosted investor confidence and supported risky assets, including sterling. An optimistic market climate may have contributed to the rise in the GBP/USD.

2. **Bright Scholar Announces Unaudited Financial Results for the Second Quarter of Fiscal Year 2025:**
Although this news is more specific to one company, it reflects an economic climate in which companies publish their financial results. If the results are perceived positively, this can increase risk appetite and support currencies such as the GBP.

3. **Man Group PLC : Form 8.3 - Serica Energy plc :**
This announcement is linked to specific share movements, but it can also have an effect on general market sentiment. An announcement of this type may signal strategic moves in the energy sector, indirectly influencing investor perception of the UK market.

### Short-term forecasts :

- Bullish scenario:** If current trends continue and corporate earnings continue to surprise positively, GBP/USD could continue to rise. A clear break above 1.34203 could pave the way for further gains, potentially towards 1.3500.

- Bearish scenario:** In the event of a technical correction or unfavourable economic news, the pair could return to test the supports around 1.3300. A break below the low of 1.32797 could signal further bearish pressure.

- Factors to watch:** Upcoming major economic announcements, such as UK and US employment and inflation data, as well as corporate earnings, will play a crucial role in GBP/USD performance.

To sum up, the GBP/USD pair is currently in an uptrend, supported by positive market sentiment. However, investors should keep a close eye on economic developments and corporate earnings, which could influence the pair's future direction.