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

#### Date: 2025-05-09

#### Market Data :
- Opening:** 1.32483
- Higher:** 1.33225
- Lower:** 1.32117
- Closing:** 1.32970

#### Major Economic News :
1. **GBP/USD Weekly Forecast:** The recent trade agreement has eased growth fears in the UK.
2. **Trade Deal Optimism:** The optimism associated with this deal is boosting overall market sentiment.
3. **GBP/USD Forecast:** The pair is recovering on the back of a weaker dollar and trade talks.

### Detailed Analysis :

#### Current Trend :
The GBP/USD pair is showing a bullish trend over the course of the day, opening at 1.32483 and closing higher at 1.32970. This movement is supported by a daily high of 1.33225. The uptrend is being fuelled mainly by external factors such as optimism surrounding trade talks and the weakness of the US dollar.

#### Impact of Economic News :
Recent news has had a positive impact on the GBP/USD pair. Not only has the trade deal eased fears about UK economic growth, it has also boosted investor confidence. In addition, the fall in the US dollar, probably due to domestic factors such as less robust economic data or statements from the Federal Reserve, has also contributed to the pair's rise.

#### Short Term Forecast :
1. **Bullish scenario:** If optimism persists and the dollar continues to show signs of weakness, the pair could retest resistance levels near 1.3350. A break above this level could open the way to 1.3400. A break above this level could open the way to 1.3400.

2. **Bearish scenario:** In the event of a turnaround in market sentiment or favourable news for the dollar, the pair could return to immediate support around 1.3250. A break below this could lead to a test of the recent low at 1.32117.

3. **The influence of technical indicators:** Technical indicators such as the RSI and MACD should be monitored for signs of overbought conditions or divergence that could signal a potential reversal.

### Conclusion :
GBP/USD is currently influenced by positive market sentiment stemming from trade developments and dollar weakness. Traders should keep an eye out for economic news and political announcements that could affect sentiment and, consequently, influence the direction of the pair in the coming sessions.