Forex data GBP/USD
Date : 2025-05-09
Opening : 1.32483
Higher up: 1.33225
Below: 1.32117
Closing : 1.32970

Economic news :
GBP/USD Weekly Forecast: Trade Deal Calms UK Growth Fears
Trade Deal Optimism Boosts Market Sentiment
GBP/USD Forecast: Recovers Amid Dollar Pullback, Trade Talks

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

**Current trends:**

The GBP/USD pair is showing a moderate uptrend, as evidenced by the rise in the closing rate compared with the opening. The gap between the day's highs and lows reflects moderate volatility, but the overall direction looks positive.

**Impact of Economic News:**

Recent economic news, particularly optimism over a trade deal, is having a significant impact on the GBP/USD pair. News of a trade deal generally tends to boost investor confidence, which can strengthen sterling against the US dollar. This optimism seems to be offsetting concerns about the UK's economic growth, which could explain the uptrend seen.

The retreat of the US dollar, mentioned in the news, is also playing a crucial role. A weaker dollar makes the pound more attractive, helping the GBP/USD pair to rise.

**Short-term forecast:**

There are several possible scenarios for future sessions:

1. **Bullish scenario:** If positive news about the trade deal continues to dominate and the US dollar remains weak, the pair could continue its uptrend. Investors could target resistance levels around 1.3350 or higher, depending on continued optimism.

2. **Neutral scenario:** If the economic news stabilises without any significant new developments, the pair could move sideways around the 1.3300 zone, looking for new directions based on the next economic indicators or events.

3. **Bearish scenario:** In the event of further economic uncertainty, or if the US dollar strengthens on the back of positive US economic data, the pair could fall back towards support levels around 1.3200.

**Conclusion:**

The GBP/USD pair is currently being influenced by external factors linked to economic news and dollar dynamics. Traders should keep a close eye on developments surrounding trade agreements and economic indicators on both sides of the Atlantic to anticipate the pair's future movements.