Forex data GBP/USD
Date : 2025-05-13
Opening : 1.31692
Higher up: 1.33159
Below: 1.31665
Closing : 1.33030

Economic news :
Futures Dip As Torrid Squeeze Pauses Ahead Of CPI Report
GBP/USD Price Analysis: Upbeat UK Jobs Boost Pound
Gold Prices Drop as Geopolitical Tensions Ease Amid US-China Trade Deal

Detailed analysis:
For a full analysis of the GBP/USD forex market on 13 May 2025, let's look at the key elements influencing the movement of this currency pair, taking into account the data provided and major economic news.

### Technical Analysis

1. **Current trend:**
- GBP/USD opened at 1.31692 and closed at 1.33030, indicating a bullish trend for the day. The high for the day was 1.33159, showing that there was strong buying pressure during the session.

2. **Key Levels:**
- Support:** Today's low at 1.31665 could be used as an immediate support level in the event of a bearish reversal.
- Resistance:** The high at 1.33159 represents a critical resistance level that buyers will have to break through to maintain the uptrend.

### Fundamental Analysis

1. **Impact of Economic News:**
- UK Jobs Report:** Positive news on the UK jobs market has strengthened sterling, helping to drive the GBP/USD pair higher. A robust labour market generally supports a tighter monetary policy, which strengthens the currency.
- Geopolitical tensions and the US-China trade agreement:** The easing of geopolitical tensions, thanks in particular to the US-China trade agreement, has had a positive impact on market sentiment, reducing risk aversion and supporting riskier assets such as sterling.
- The markets are awaiting data on US inflation. A higher-than-expected CPI could strengthen the dollar, but for now, the wait has allowed the pound to gain ground.

### Short-Term Forecasts

1. **Bullish scenario:**
- If UK economic data continues to be positive and the US CPI report does not exceed expectations, the pair could continue to advance above resistance at 1.33159, paving the way towards 1.33500 and beyond.

2. **Cashier script:**
- On the other hand, if the CPI report shows stronger-than-expected inflation, this could strengthen the US dollar and push the pair back towards support at 1.31665, or even lower, if selling pressure intensifies.

3. **Expected volatility:**
- The imminent publication of the US inflation report could increase the pair's volatility. Traders should therefore be prepared for rapid price movements in both directions.

### Conclusion

The GBP/USD pair is showing bullish momentum supported by positive UK economic fundamentals. However, future direction will depend heavily on US inflation data and developments in global geopolitical conditions. Traders should monitor these developments closely to adjust their strategies accordingly.