Forex data GBP/USD
Date : 2025-05-29
Opening : 1.34670
Higher up: 1.34710
Below: 1.34148
Closing : 1.34400

Economic news :
Markets Wait For Economic Data, NVIDIA
GBP/USD Analysis: Is the Rally Losing Steam?
DAX Rises but Fragile Sentiment Looms Over Trump's Unpredictable Trade Moves

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

#### Date: 2025-05-29

#### Market data :
- Opening:** 1.34670
- Higher:** 1.34710
- Lowest:** 1.34148
- Closing:** 1.34400

### Detailed Analysis

#### Current Trend
The GBP/USD pair fell slightly in the session of 29 May 2025, opening at 1.34670 and closing at 1.34400. This decline, although modest, could indicate a loss of momentum in the recent rally seen in this pair. The relatively narrow range between the day's high (1.34710) and low (1.34148) suggests some hesitation among traders, possibly due to global economic uncertainties.

#### Impact of Economic News
Recent economic news is having a significant impact on the GBP/USD. Market expectations of further economic data, particularly from NVIDIA, could influence overall market sentiment, although the direct effect on GBP/USD is limited. In addition, concerns surrounding former President Trump's unpredictable trade policies may create a climate of uncertainty weighing on sterling, particularly if these policies affect the UK's key trading partners.

The analysis entitled "GBP/USD Analysis: Is the Rally Losing Steam?" suggests that the market may be reassessing sterling's strength against the US dollar. If the uptrend shows signs of slowing, this could prompt traders to take profits or adjust their positions in anticipation of a correction.

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

1. **Continued Consolidation:** If economic uncertainties persist and future data does not provide clear direction, the pair is likely to continue consolidating around current levels.

2. **Technical Rebound:** In the event of positive economic data for the UK or weakness in the US dollar, the pair could rebound towards the top of the recent range, retesting the 1.34710 level.

3. **Downward correction:** If uncertainties increase, particularly due to negative news on international trade or unfavourable economic data, the pair could break support at 1.34148 and aim for lower levels.

In conclusion, the GBP/USD pair appears to be at a critical juncture. Traders need to keep a close eye on economic and political developments, particularly those relating to international trade and key economic indicators, to navigate this uncertain environment.