Forex data GBP/USD
Date : 2025-06-06
Opening : 1.35749
Higher up: 1.35846
Below: 1.35070
Closing : 1.35210

Economic news :
GBP/USD Price Analysis: Pound Fades Gains Ahead of NFP
Global FX Market Summary: US Nonfarm Payrolls (NFP), ECB, US-China Trade Relations 6 June 2025
FX option expiries for 6 June 10am New York cut

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

#### Market Context
On 6 June 2025, the GBP/USD opened at 1.35749, reached a high of 1.35846, a low of 1.35070, and closed at 1.35210. This trading day was marked by moderate volatility, with a difference of 77 pips between the high and the low.

#### Current Trend
Today's general trend shows a slight decline in the GBP/USD pair. Despite a relatively strong opening, the pair lost value over the course of the day, closing below its opening level. This indicates the selling pressure that dominated the session.

#### Impact of Economic News
1. **NFP (Nonfarm Payrolls):** US employment data, particularly the NFP report, is having a significant impact on the US dollar. Better than expected figures strengthen the dollar, putting downward pressure on GBP/USD. Traders were probably waiting for this data, which may have led to a degree of caution and volatility.

2. **US-China Trade Relations:** Tensions or easing in trade relations between the US and China can influence market sentiment. Tense relations often strengthen the dollar as a safe haven, which could contribute to a fall in the pound.

3. **ECB policy:** Although the direct impact on the GBP/USD is less, the European Central Bank's decisions can affect the euro, and in turn influence movements in the dollar and pound through cross-currency arbitrage.

4. **FX Option Expiries:** Option expiries can create unpredictable market movements, especially near major strike levels. This may have contributed to the volatility observed.

#### Short-Term Forecasts
- Bullish scenario:** If upcoming economic data, such as the NFP, proves less robust than expected, or if trade relations improve, we could see the pair rebound towards the resistance levels around 1.35800.

- Bearish scenario:** Conversely, strong NFP data and a tense trade climate between the US and China could push the pair down towards support at 1.35000, or even lower.

- Technical factors:** In technical terms, a break of support at 1.35070 could open the way for further declines. Conversely, solid resistance is expected around 1.35850.

In conclusion, traders should keep a close eye on forthcoming economic announcements and geopolitical developments to adjust their GBP/USD positions. Caution is advised, given the pair's sensitivity to economic news.