Forex data GBP/USD
Date : 2025-05-23
Opening : 1.34188
Higher up: 1.35422
Below: 1.34170
Closing : 1.35340

Economic news :
Market Mood Remains Cautious
Market Mood Remains Cautious
GBP/USD Resumes Rally as UK Retail Sales Jump

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

#### Market Context
**Date:** 2025-05-23
**Open:** 1.34188
**Highest:** 1.35422
**Lowest:** 1.34170
**fence:** 1.35340

#### Major Economic News
1. **Market Mood Remains Cautious** - Investors remain cautious, which may indicate limited volatility in the short term, but also increased sensitivity to new information.
2. **GBP/USD Resumes Rally as UK Retail Sales Jump** - The rise in UK retail sales has boosted sterling, strengthening the GBP/USD pair.

#### Detailed Analysis

##### Current Trend
The GBP/USD pair showed a bullish trend during the session, rising from an opening level of 1.34188 to close at 1.35340. The rise was supported by positive economic news from the UK, particularly the strong performance of retail sales. The high reached at 1.35422 indicates significant buying pressure, although the market remains cautious.

##### Impact of Economic News
- UK Retail Sales** : The publication of robust retail sales figures boosted confidence in the UK economy, prompting investors to buy the pound. This development contributed directly to the resumption of the rally in the GBP/USD pair.
- Cautious Market Sentiment**: Despite the positive news, sentiment remains cautious, which could limit short-term gains. Traders could wait for further economic indicators or political statements to confirm the current trend.

##### Short-Term Forecasts
- Bullish scenario**: If UK economic data continues to surprise positively and cautionary sentiment fades, the pair could test new highs above 1.35422. A break above this resistance could open the way to higher levels.
- Bearish scenario**: In the event of disappointing economic news or a resumption of cautious sentiment, the pair could return to test support around 1.34170. A break below this level could signal a deeper correction.
- Events to Watch**: Future economic releases, such as PMI indices, Bank of England monetary policy decisions, and political developments in the UK and US could influence the direction of the pair.

In conclusion, although the GBP/USD pair has shown positive momentum thanks to some good economic news, the market remains sensitive to the news. Investors should keep a close eye on the next economic indicators to confirm that the uptrend will continue.