Forex data GBP/USD
Date : 2025-06-11
Opening : 1.34979
Higher up: 1.35578
Below: 1.34639
Closing : 1.35520

Economic news :
Mixed Trend In World Markets
ForexLive European FX news wrap: Dollar steady, US CPI report up next
GBP/USD: All Eyes on CPI and Support at 1.3430 as Pair Teeters on the Edge

Detailed analysis:
An analysis of the GBP/USD forex market on 11 June 2025 shows a number of key factors to consider in order to understand the current dynamics and short-term outlook.

### Current trend
The GBP/USD pair opened at 1.34979 and closed at 1.35520, showing an appreciation over the course of the day. The pair reached a high of 1.35578 and a low of 1.34639. This uptrend indicates a degree of optimism in the market, potentially linked to economic factors or technical movements.

### Impact of Economic News
The economic news points to a mixed trend on global markets. This could indicate general uncertainty, with some investors seeking safe havens or adjusting their portfolios in response to economic news. The stability of the US dollar ahead of the US Consumer Price Index (CPI) report is crucial, as it could influence the Federal Reserve's monetary policy, thus impacting GBP/USD.

The specific mention of support at 1.3430 for the GBP/USD indicates a key technical level that traders are watching closely. If this level holds, it could bolster buyers' confidence, but a break below it could signal increased downside potential.

### Short-Term Forecasts
1. **Bullish scenario**: If the US CPI report shows moderate or falling inflation, this could lower expectations of a rate hike by the Fed, weakening the dollar and pushing GBP/USD higher. Breaching resistance at 1.35578 could open the way for further gains.

2. **Bearish scenario**: If the CPI shows higher than expected inflation, this could strengthen the dollar, raising expectations of monetary tightening by the Fed and potentially pushing GBP/USD towards support at 1.3430. A break below this level could accelerate selling pressure.

3. **Neutral scenario**: In the event that the CPI report does not present any major surprises, the pair could continue to move in a narrow range, reflecting investors' expectations for clearer economic signals.

In conclusion, the GBP/USD pair is currently influenced by economic expectations and key technical levels. Traders should keep a close eye on economic developments, particularly inflation data, to anticipate future movements in the pair.