Forex data GBP/USD
Date : 2025-06-12
Opening : 1.35476
Higher up: 1.36234
Below: 1.35224
Closing : 1.35870

Economic news :
Cautious Sentiment In World Markets
GBP/USD: Bulls Lose Momentum After UK GDP Contracts
GBP/USD Forecast: Buyers Regain Despite Downbeat UK GDP

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

#### Date: 2025-06-12

**Key figures:**
- Open:** 1.35476
- Higher:** 1.36234
- Lower:** 1.35224
- Closing:** 1.35870

#### Major Economic News :
1. **Cautious sentiment in global markets:** Investors are taking a cautious approach to global economic uncertainties, which may influence demand for safe-haven currencies such as the US dollar.
2. **Contraction in UK GDP:** The contraction in the UK's gross domestic product is weighing on sterling, creating downward pressure on the GBP/USD pair.
3. **Forecast for GBP/USD:** Despite unfavourable economic data, some buyers are regaining confidence, hoping for a short-term rebound.

#### Detailed Analysis :

- Current trends:**
The GBP/USD pair is showing moderate volatility, with a slight intraday uptrend. The opening at 1.35476 and closing at 1.35870 indicate a recovery from a low of 1.35224. However, the presence of a high at 1.36234 suggests that buyers tried to push the market, but lost strength towards the end of the session.

- Impact of Economic News:**
The contraction in UK GDP is a major negative factor, which probably contributed to the initial selling pressure. However, the recovery seen towards the end of the day could be due to a combination of profit-taking by sellers and speculative buying by buyers anticipating a technical correction. Cautious sentiment on world markets is tending to strengthen the dollar, but expectations of a stabilisation in GDP could offer temporary support to the pound.

- Short-term forecast:**
- Bullish scenario:** If the pair manages to hold above the immediate support zone around 1.3550, and positive news emerges about the UK economy, we could see an attempt to retest the resistance levels at 1.3620-1.3650.
- Bearish scenario:** Conversely, a break below support at 1.3520 could lead to further downward pressure, with potential targets around 1.3480, especially if economic data continues to disappoint.
- Factors to watch:** Upcoming UK economic data, Bank of England monetary policy announcements and global geopolitical developments could all have a major influence on the direction of the pair.

In summary, although GBP/USD has shown some resilience in the face of adverse economic data, ongoing uncertainties and current macroeconomic conditions suggest continued caution. Traders should keep a close eye on key technical levels and economic news to adjust their positions.