Forex data GBP/USD
Date : 2025-06-16
Opening : 1.35463
Higher up: 1.35741
Below: 1.35342
Closing : 1.35720

Economic news :
GBP/USD Weekly Forecast: Dovish Fed, US-China Trade Deal
Global FX Market Summary: Israel strikes Iran's nuclear facility, Gold, Fed, Currency Volatility, 13 June 2025
Cautious Sentiment In World Markets

Detailed analysis:
For a full analysis of the GBP/USD forex market on 16 June 2025, let's look at the day's key events and the underlying economic factors:

### Technical Analysis

1. **Data for the day:**
- Open:** 1.35463
- Higher:** 1.35741
- Lower:** 1.35342
- fence:** 1.35720

The pair rose slightly over the course of the day, closing close to its high. This suggests moderate buying pressure on the GBP/USD pair.

2. **Current trend:**
- The pair is showing a slight uptrend, as indicated by the close near the day's high. This momentum could be reinforced by fundamental factors favourable to sterling or unfavourable to the US dollar.

### Impact of Economic News

1. **Dovish Fed :**
- An accommodative tone from the US Federal Reserve (Fed) tends to weaken the US dollar, as it potentially implies lower long-term interest rates. This may support sterling's appreciation against the dollar.

2. **US-China Trade Agreement:**
- Progress in trade relations between the US and China may stimulate global risk appetite, which could benefit currencies such as sterling, which is considered riskier than the dollar.

3. **Geopolitical tensions:**
- The Israeli strikes on Iran's nuclear facilities are likely to increase volatility in the currency market, with a potential flight to safe havens such as the US dollar. However, if the impact is perceived to be limited, it may only have a temporary effect on GBP/USD.

### Short-Term Forecasts

1. **Positive scenarios for GBP/USD:**
- If the Fed continues to signal an accommodating monetary policy and geopolitical tensions do not intensify, sterling could continue to strengthen against the US dollar.

2. **Negative scenarios for GBP/USD:**
- Escalating tensions in the Middle East or a deterioration in global trade relations could reverse the current uptrend and strengthen the dollar as a safe haven, pushing GBP/USD lower.

3. **Other factors to watch out for:**
- UK economic data, such as inflation and employment, which could influence the Bank of England's monetary policy.
- Political developments in the UK, particularly those linked to Brexit, which could affect investor confidence.

In conclusion, although the GBP/USD is currently trending slightly upwards, investors should keep a close eye on geopolitical developments and central bank statements, which could influence the pair's future movements.