Forex data GBP/USD
Date : 2025-05-28
Opening : 1.35094
Higher up: 1.35220
Below: 1.34932
Closing : 1.34930

Economic news :
DAX Rises but Fragile Sentiment Looms Over Trump's Unpredictable Trade Moves
GBP/USD in a Strong Position: Sterling Rallies on Trade News and Robust Data
Gold Holds Near Two-Week High Amid EU-U.S. Trade Uncertainty

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

#### 1. **Market context on 28 May 2025:**

- Opening:** 1.35094
- Highest:** 1.35220
- Lower:** 1.34932
- Closing:** 1.34930

The GBP/USD pair showed slight volatility during the session, with a bearish move that saw the close slightly below the day's open and low.

#### 2. **Current trend:**

The general trend for the day was bearish. The pair's inability to hold gains above the opening level and its close at the day's low indicate selling pressure. This could be attributed to profit-taking after the recent rise fuelled by good economic news for sterling.

#### 3. **Impact of Economic News:**

- DAX and Market Sentiment:** The German stock market (DAX) has shown signs of rising, but sentiment remains fragile due to uncertainties over the Trump administration's trade policies. This is likely to have contributed to some caution in the currency markets, indirectly affecting GBP/USD.

- Sterling benefited from positive trade news and robust economic data. These factors supported the pound, but general market risk aversion limited gains.

- Gold and EU-US Trade Uncertainty:** Gold's stability near its two-week high reflects persistent risk aversion, which may have pushed some investors towards safe-haven assets, putting pressure on GBP-denominated assets.

#### 4. **Short-term forecast:**

- Positive scenario:** If the positive economic news for the UK continues and international trade tensions ease, the pound could regain support and retest the resistance levels around 1.35220.

- Negative scenario:** If trade uncertainties increase or if new UK economic data disappoints, the pair could continue to fall, with the potential to test support levels around 1.34500.

- Neutral scenario:** With low volatility and no major economic news, the pair could oscillate in a narrow range between 1.34800 and 1.35100.

#### 5. **Conclusion:**

The GBP/USD pair is showing resilience in the face of global uncertainties, supported by solid economic fundamentals in the UK. However, trade tensions and generally cautious market sentiment could continue to influence short-term movements. Traders should keep a close eye on global political and economic developments to adjust their positions accordingly.