Forex data GBP/USD
Date : 2025-06-12
Opening : 1.35476
Higher up: 1.35991
Below: 1.35224
Closing : 1.35860

Economic news :
Fed Cut Expectations Grow as Dollar Tests Support Ahead of PPI
Mixed Trend In World Markets
ForexLive European FX news wrap: Dollar steady, US CPI report up next

Detailed analysis:
**Comprehensive analysis of the GBP/USD Forex market**.

**1. Current Trend:**

The GBP/USD pair showed moderate volatility, opening at 1.35476, reaching a high of 1.35991 and a low of 1.35224, before finally closing at 1.35860. Closing near the day's high suggests a moderate uptrend for the session. Traders appear to have reacted positively to the economic news, which has supported sterling against the US dollar.

**2. impact of economic news:**

- Fed Cut Expectations Grow as Dollar Tests Support Ahead of PPI:** Expectations of a Fed rate cut have weakened the US dollar, which has benefited sterling. If markets continue to anticipate a more accommodative monetary policy from the Fed, this could provide further support for GBP/USD.

- Mixed Trend In World Markets:** Mixed trends in world markets add uncertainty. Investors could turn to safe-haven assets, but so far this has not significantly hurt the GBP/USD pair.

- ForexLive European FX news wrap: Dollar steady, US CPI report up next:** Waiting for the US Consumer Price Index (CPI) report is crucial. A weaker-than-expected CPI could reinforce expectations of a rate cut by the Fed, thereby supporting the GBP/USD. Conversely, a higher CPI could strengthen the dollar, weighing on the pair.

**3. Short-term forecasts:**

- Bullish scenario:** If US economic data continues to support expectations of a rate cut by the Fed, GBP/USD could test and potentially break above 1.3600 resistance. A break above this level could pave the way for further gains towards 1.3650.

- Bearish scenario:** In the event of stronger-than-expected US economic data, or if global risk sentiment worsens, the dollar could strengthen, pushing the GBP/USD towards 1.3520 support. A break below this level could see the GBP/USD test the next support level at 1.3450.

In conclusion, the GBP/USD is currently influenced by expectations regarding the Fed's monetary policy and US economic data. Traders should keep a close eye on economic releases and comments from Fed officials to assess the pair's future direction.