Forex data GBP/USD
Date : 2025-05-01
Opening : 1.33238
Higher up: 1.33282
Below: 1.32926
Closing : 1.32960

Economic news :
Kraken Launches Crypto-as-a-Service Tool; Adds Forex Perpetual Futures
Growth Fears Haunt Markets
Man Group PLC : Form 8.3 - Serica Energy plc

Detailed analysis:
To carry out a complete analysis of the GBP/USD forex market on 1 May 2025, it is essential to take into account both the technical data and the major economic news that could influence the pair.

### Technical Analysis

1. **Data for the day:**
- Open:** 1.33238
- Higher:** 1.33282
- Lowest:** 1.32926
- Closing:** 1.32960

Over the course of the day, the GBP/USD pair fell slightly, opening at 1.33238 and closing at 1.32960. The intraday movement shows moderate volatility, with a peak at 1.33282 and a trough at 1.32926. This indicates slight downward pressure.

2. **Current trend:**
The close below the opening level, coupled with an intraday low relatively close to the close, suggests a short-term downtrend. The pair may come under selling pressure, perhaps due to economic or geopolitical factors.

### Impact of Economic News

1. **Kraken Launches Crypto-as-a-Service Tool; Adds Forex Perpetual Futures :**.
Kraken's introduction of new financial tools could increase interest in crypto markets and derivatives, which could divert investor attention away from traditional currency pairs such as GBP/USD. This could contribute to reduced liquidity and increased volatility in Forex.

2. **Growth Fears Haunt Markets:**
Fears about global economic growth could have a negative impact on the GBP/USD. If investors anticipate weaker economic growth in the UK or the US, this could increase volatility and lead to risk aversion, pushing investors towards safe-haven assets such as the US dollar.

3. **Man Group PLC : Form 8.3 - Serica Energy plc :**
Although this news is more specific to the energy sector, it may indirectly influence market sentiment in terms of economic stability and investor confidence, particularly where the GBP is concerned.

### Short-Term Forecasts

- Bullish scenario:** If upcoming UK economic data shows signs of economic recovery or if the macroeconomic situation improves, the GBP could strengthen. Resistance levels to watch would be around 1.33282 (today's high) and potentially above, towards 1.33500.

- Bearish scenario:** If growth fears persist or negative news emerges, GBP/USD could fall further. Key support levels would include the day's low at 1.32926 and, if broken, the psychological level of 1.32500.

- Neutral scenario:** The market could also enter a consolidation phase, oscillating between the support and resistance levels mentioned, while awaiting clearer economic catalysts.

To sum up, the GBP/USD pair is currently under bearish pressure, influenced by global economic fears and innovations in the derivatives market. Investors should keep a close eye on economic and political developments to anticipate future movements.