Forex data GBP/USD
Date : 2025-05-12
Opening : 1.32695
Higher up: 1.32991
Below: 1.31457
Closing : 1.31520

Economic news :
Dollar surges higher as US, China bring down tariff levels for further talks
GBP/USD Weekly Forecast: Trade Deal Calms UK Growth Fears
Trade Deal Optimism Boosts Market Sentiment

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

#### Date: 2025-05-12

**Summary of key figures:**
- Opening:** 1.32695
- Higher:** 1.32991
- Lowest:** 1.31457
- Closing:** 1.31520

#### Current trend :
The GBP/USD pair showed notable volatility during the session, opening at 1.32695 and closing lower at 1.31520. This indicates selling pressure throughout the day, resulting in a bearish trend. The pair reached an intraday high of 1.32991 but failed to sustain these gains, reflecting a lack of bullish conviction.

#### Impact of economic news :

1. **Dollar surges higher as US, China bring down tariff levels for further talks :**
- The reduction in tariffs between the United States and China has strengthened the US dollar. As a safe-haven asset, the dollar tends to strengthen in times of increased stability or economic optimism, which has put downward pressure on the GBP/USD pair.

2. **GBP/USD Weekly Forecast: Trade Deal Calms UK Growth Fears :**.
- News of a trade deal has eased fears about growth in the UK. However, the potential positive impact on sterling appears to have been overshadowed by the strength of the US dollar.

3. **Trade Deal Optimism Boosts Market Sentiment:**
- The optimism surrounding the trade deal improved market sentiment, but this mainly benefited dollar-denominated assets, due to the perception of increased economic stability.

#### Short-term forecasts :

For future sessions, there are several scenarios to consider:

1. **Bullish scenario:**
- If positive sentiment around trade deals continues to grow and sterling benefits from renewed confidence, we could see a rebound towards the 1.3200 level. However, this would require a weakening dollar or positive UK-specific economic news.

2. **Bearish scenario:**
- If the dollar continues to strengthen as trade tensions ease and the global economic outlook improves, the pair could retest the support levels around 1.3100.

3. **Neutral scenario:**
- In the absence of any major economic news, the pair could consolidate in a narrow range around 1.3150, as traders wait for clearer indications of economic or political developments.

#### Conclusion :

The GBP/USD pair is currently under pressure due to the strength of the dollar, fuelled by positive developments on the global trade front. Traders should keep a close eye on economic news and central bank statements to assess the pair's future direction. Particular attention should be paid to UK economic data, which could influence sterling.