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
The foreign exchange market showed notable volatility around the GBP/USD pair, mainly due to expectations around US economic data and global political and economic developments.

#### Current Trend
The GBP/USD pair opened at 1.35749 and closed at 1.35210, indicating bearish pressure throughout the day. The high for the day was 1.35846, while the low was 1.35070. This price contraction during the day suggests that traders were cautious, probably awaiting the results of the US Nonfarm Payrolls (NFP).

#### Impact of Economic News
1. **Nonfarm Payrolls (NFP):** NFP is a key indicator of the health of the US economy. Expectations for this data can influence the strength of the US dollar. An unexpected rise could strengthen the dollar, putting downward pressure on GBP/USD.

2. **US-China trade relations:** Tensions or easing in trade relations can influence global market sentiment. An improvement in relations could strengthen risky assets, but also support the dollar if this is seen as positive for the US economy.

3. **European Central Bank (ECB):** Although directly linked to the euro, ECB decisions can affect the overall economic perception in Europe, indirectly impacting sterling.

4. **Expiring FX Options:** Expiring options can create sudden price movements if traders are looking to cover their positions. This is particularly relevant around cut-off times.

#### Short-Term Forecasts
1. **Bullish scenario:** If the NFPs are weaker than expected, this could weaken the dollar, allowing the pound to recover some of its losses and potentially retest the 1.35846 level.

2. **Bearish scenario:** A stronger-than-expected NFP report could strengthen the dollar, pushing the pair below the 1.35070 support level. In this case, a test of the psychological level of 1.34500 could be envisaged.

3. **Consolidation Scenario:** In the event of NFP data in line with expectations, the pair could remain in a narrow range around the current closing level, pending further economic guidance.

#### Conclusion
The GBP/USD pair is currently being influenced by major economic factors, notably the NFP report. Traders should monitor these results and geopolitical developments to anticipate future movements. Cautious risk management is recommended, given the potential volatility associated with forthcoming economic announcements.