Forex analysis - 2025-06-03 (08:49)

Forex data GBP/USD
Date : 2025-06-03
Opening : 1.35421
Higher up: 1.35591
Below: 1.35115
Closing : 1.35200

Economic news :
Futures Slide On Renewed Trade Turmoil As Gold, Oil Spike
ForexLive European FX news wrap: A brand new month but same old story for the dollar
Monday open levels, indicative FX prices, 02 June 2025

Detailed analysis:
To provide a complete analysis of the GBP/USD forex market for 3 June 2025, we need to look at several aspects: the current trend, the impact of economic news and short-term forecasts.

### Current trend

1. **Price movement**: GBP/USD opened at 1.35421 and closed at 1.35200, indicating a slight decline during the day. The high reached was 1.35591 and the low was 1.35115, showing some intraday volatility, but without major fluctuations.

2. **General trend**: The close below the open suggests a short-term downtrend for that specific day. However, to determine a broader trend, it would be necessary to examine price movements over a longer period.

### Impact of economic news

1. **Trade Turmoil**: News of renewed trade turmoil may affect market sentiment. If trade tensions rise, this could strengthen the dollar as a safe haven, putting downward pressure on GBP/USD.

2. **Dollar story**: News that the dollar continues to dominate may also suggest continued strength in the US dollar, which could keep pressure on sterling.

3. **Gold and oil prices**: Rising gold and oil prices could signal risk aversion in the markets, potentially influencing demand for safe-haven currencies such as the dollar.

### Short-term forecasts

1. **Bullish scenario**: If trade tensions ease or if positive economic data for the UK emerges, sterling could strengthen, pushing GBP/USD higher.

2. **Bearish scenario**: If trade tensions continue to intensify and the dollar remains strong, the pair could fall further. A break of support around the 1.35115 level could lead to further declines.

3. **Neutral scenario**: If the market digests the news without much change in sentiment, the pair could consolidate around current levels, with limited moves in the sessions ahead.

### Conclusion

The GBP/USD pair currently appears to be under pressure due to trade tensions and the strength of the dollar. Traders should keep a close eye on economic and geopolitical developments, as well as key technical levels, to assess future movements. Trading decisions should be made taking these factors into account, while bearing in mind the risks associated with volatility in the Forex market.