Forex data GBP/USD
Date : 2025-06-11
Opening : 1.34979
Higher up: 1.35100
Below: 1.34744
Closing : 1.34890

Economic news :
UK fashion manufacturers see record Q1 sales performance with 171% surge
Gold Prices Rise Amid Easing US-China Trade Tensions
Futures Rise Ahead Of US-China Talks

Detailed analysis:
Analysis of the Forex market for the GBP/USD pair on 11 June 2025 reveals a number of interesting points to consider, both technically and economically.

### Technical Analysis :

1. **Price movements:**
- Open:** 1.34979
- Highest:** 1.35100
- Lowest:** 1.34744
- Closing:** 1.34890

The GBP/USD pair showed slight volatility, with an interval of less than 40 pips between the day's highs and lows. The close was slightly lower than the open, indicating moderate downward pressure for the day.

2. **Current trend:**
- The price movement, with the close slightly down on the open, could indicate consolidation or a slight correction in an earlier uptrend or downtrend. To determine the broader trend, it would be necessary to examine longer-term charts (daily, weekly).

### Fundamental Analysis :

1. **Economic news:**
- Record sales in the UK fashion sector:** A 1711TP3Q jump in sales in the UK fashion sector could support sterling on the back of increased business confidence and domestic consumption.

- Rising gold prices and easing US-China trade tensions:** Rising gold prices indicate risk aversion, but easing trade tensions may have a positive effect on the US dollar due to a more stable global economic outlook.

2. **Overall impact:**
- The overall impact of economic news on the GBP/USD pair is mixed. On the one hand, positive news from the UK is supporting sterling, but improved Sino-American trade relations could strengthen the US dollar, creating a relative balance in the pair.

### Short Term Forecast :

1. **Possible scenarios:**
- Bullish scenario:** If positive news from the fashion sector continues to boost confidence in the UK economy, the pound could strengthen, pushing GBP/USD higher, potentially above the 1.35100 resistance level.

- Bearish scenario:** If global market sentiment remains focused on the US dollar due to easing trade tensions, the pair could fall further, testing support around 1.34744 or lower.

2. **Factors to watch:**
- Any additional news concerning the British economy or international trade relations.
- Upcoming key economic indicators, such as employment figures, inflation and central bank monetary policy decisions.

In summary, the GBP/USD pair could remain in a consolidation phase in the short term due to the opposing forces of economic news. Traders should monitor upcoming economic developments and key technical levels to assess future movements.