Forex data GBP/USD
Date : 2025-05-21
Opening : 1.33847
Higher up: 1.34687
Below: 1.33835
Closing : 1.34370

Economic news :
Cautious Sentiment In World Markets
GBP/USD Forecast: UK Inflation Surprise Dims Rate Cut Odds
GBP/USD Rally May Extend as Market Reprices BoE Policy Outlook

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

#### Current Trend
The GBP/USD pair showed some volatility during the session of 21 May 2025, with an upward movement from its opening price. The open at 1.33847 and close at 1.34370 indicate a bullish move on the day. The high of 1.34687 and the low of 1.33835 suggest a relatively moderate trading range, but with a general upward trend.

#### Impact of Economic News
Recent economic news has played a significant role in the movement of the GBP/USD pair:

1. **Cautious sentiment in global markets:** Cautious sentiment in global markets could indicate risk aversion among investors. This could potentially support the US dollar as a safe haven, but in this case the British pound appears to have benefited from a stronger domestic factor.

2. **UK Inflation Surprise:** A surprise rise in UK inflation has reduced expectations of a rate cut by the Bank of England (BoE). This has probably strengthened sterling, as higher or stable interest rates are generally bullish for a currency.

3. **The market seems to be reassessing the BoE's monetary policy outlook, potentially anticipating a more hawkish stance. This has supported sterling, helping the GBP/USD pair to rise.

#### Short-Term Forecasts
There are several possible scenarios for future sessions:

1. **Bullish scenario:** If the market continues to reassess the BoE's monetary policy outlook positively, GBP/USD could continue to rise. A break above the recent high of 1.34687 could pave the way for further tests of resistance, possibly around 1.3500.

2. **Neutral scenario:** If global markets continue to show cautious sentiment with no new economic surprises, the pair could stabilise around its current levels, oscillating in a narrow range.

3. **Bearish scenario:** In the event of new economic or geopolitical uncertainties, or if strong US economic data support the dollar, the pair could reverse its recent uptrend and retest the support levels around 1.33835.

In conclusion, the GBP/USD pair currently appears to be supported by domestic factors linked to UK monetary policy. However, global market conditions and US economic data will remain key factors to watch as we assess the pair's future direction.