Forex data GBP/USD
Date : 2025-05-09
Opening : 1.32483
Higher up: 1.33225
Below: 1.32117
Closing : 1.33160

Economic news :
Trade Deal Optimism Boosts Market Sentiment
GBP/USD Forecast: Recovers Amid Dollar Pullback, Trade Talks
The pound's resurgence: A story of restraint, resilience & renewed confidence

Detailed analysis:
To carry out a complete analysis of the GBP/USD pair on 9 May 2025, it is important to examine the data provided and the impact of economic news on the market. Here is a detailed analysis:

### Current trend

The GBP/USD pair opened at 1.32483 and closed at 1.33160, showing a rise on the day. The high reached was 1.33225, while the low was 1.32117. This variation indicates a bullish trend over the session, supported by favourable economic factors.

### Impact of Economic News

1. **Trade deal optimism:** News of growing optimism around trade deals has boosted investor confidence in sterling. This has probably contributed to the rise in the GBP/USD pair, as investors anticipate economic benefits for the UK.

2. **The mention of a weaker dollar in the GBP/USD forecast suggests that the dollar has weakened, which has also helped the pair to rise. A weaker dollar makes sterling relatively more attractive, pushing the pair higher.

3. **Sterling's resurgence:** Sterling appears to be enjoying positive momentum, described as a story of "restraint, resilience and renewed confidence". This could indicate an improvement in UK economic fundamentals or a positive perception of the Bank of England's monetary policy.

### Short-Term Forecasts

1. **Bullish scenario:** If the optimism surrounding trade agreements continues and the US dollar remains weak, GBP/USD could continue to climb. Technical levels to watch would be resistance around 1.3350, beyond which a move towards 1.3400 could materialise.

2. **Bearish scenario:** In the event of negative news or a sudden reversal in market sentiment, the pair could retest support at 1.3250. A return below this level could see the pair fall towards 1.3200.

3. **Consolidation:** If economic factors remain stable without significant news, the pair could consolidate between 1.3250 and 1.3350, while waiting for new impulses to define the next trend.

### Conclusion

The GBP/USD pair is currently enjoying favourable momentum thanks to a positive economic environment for the pound and a weakening dollar. However, it is vital to remain vigilant in the face of economic and political news that could influence this momentum. Traders should monitor developments around trade agreements and monetary policies on both sides of the Atlantic to adjust their positions accordingly.