Forex data GBP/USD
Date : 2025-05-13
Opening : 1.31692
Higher up: 1.31880
Below: 1.31665
Closing : 1.31840

Economic news :
Global FX Market Summary: De-escalation of US-China Trade Tensions, US Dollar , Market Sentiment 12 May 2025
Dollar Extends Gains As Trade Tensions Ease
U.S.-China Trade Deal Buoys Markets

Detailed analysis:
For a complete analysis of the GBP/USD forex market on 13 May 2025, let's look at the various elements provided and their potential impact:

### Technical Analysis

1. **Price movements** :
- Aperture**: 1.31692
- Highest**: 1.31880
- Lowest**: 1.31665
- Close**: 1.31840

The GBP/USD pair showed a slight uptrend during this session, with a closing movement above the opening price. The range for the day was relatively narrow, indicating low volatility. This could suggest some indecision in the market or a balance between buying and selling forces.

2. **Support and Resistance** :
- Support**: The low of 1.31665 could serve as immediate support.
- Resistance** : The high at 1.31880 can be seen as short-term resistance.

### Fundamental Analysis

1. **Economic News** :
- De-escalation of trade tensions between the US and China**: This generally has a positive impact on the market, increasing risk appetite. Improved trade relations may strengthen the US dollar as investors look for safer, more stable assets.
- Influence on GBP/USD** : The strength of the US dollar due to improved trade relations could put downward pressure on GBP/USD. However, the overall effect will also depend on the UK's economic performance and domestic developments.

2. **Market sentiment** :
- The easing of trade tensions is often viewed positively by the markets, which could boost investor confidence and lead to an appreciation of the US dollar. This could limit sterling's gains against the dollar.

### Short-Term Forecasts

1. **Possible Scenarios** :
- Bullish scenario**: If sterling receives support from positive UK economic data or other favourable factors, the pair could test and potentially exceed resistance at 1.31880.
- Bearish scenario**: If the dollar continues to strengthen on the back of improved trade relations, the pair could fall below support at 1.31665, testing lower levels.

2. **Factors to Monitor** :
- UK economic data**: Indicators such as inflation, unemployment and economic growth could influence the future direction of the pair.
- Monetary policies**: Statements or actions by central banks, particularly the Bank of England and the Federal Reserve, could also have a significant impact.

To sum up, the GBP/USD pair is currently being influenced by external factors such as trade relations between the United States and China. Investors should keep a close eye on economic and political developments that could influence the pair's short-term dynamics.