Forex data GBP/USD
Date : 2025-06-17
Opening : 1.35717
Higher up: 1.35794
Below: 1.35574
Closing : 1.35730

Economic news :
Futures Surge As Dip-Buyers Ignore Escalating Middle-East War
Central banks' decisions loom amidst global uncertainty, Octa Broker offers its view
ForexLive European FX news wrap: Markets look to move on from Iran, Israel tensions

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

**Date:** 2025-06-17
**Opening:** 1.35717
**Highest:** 1.35794
**Lowest:** 1.35574
**Closing:** 1.35730

#### Current Trend :
The GBP/USD pair showed a slight rise, closing slightly above its opening level. Price movements during the day were relatively limited, indicating moderate volatility. This could be the result of a wait-and-see market due to geopolitical and economic uncertainties.

#### Impact of Economic News :
1. **Middle East conflict:** Tensions between Iran and Israel have created uncertainty in the markets, which may influence currencies considered to be safe havens. However, the GBP and USD are not directly safe havens, but capital movements could impact the pair depending on risk perceptions.

2. **Central bank decisions:** Expectations of central bank decisions add a level of uncertainty. Investors could be waiting for clear signals on future monetary policies, which could create more significant movements once these decisions are announced.

3. **European Market Reactions:** The impact of tensions in the Middle East appears to be easing as markets seek to focus on other economic factors. This could moderate the immediate impact on GBP/USD.

#### Short Term Forecast :
- Bullish scenario:** If geopolitical tensions ease and central bank decisions are seen as favourable (e.g. interest rates maintained or cut), the GBP could strengthen against the USD, pushing the pair to new short-term highs.

- Bearish scenario:** In the event of escalating tensions in the Middle East or monetary decisions perceived as negative (such as an interest rate hike by the Fed), the pair could see downward pressure, testing lower support levels.

- Neutral scenario:** If markets continue to show resilience in the face of geopolitical tensions and central bank announcements bring no surprises, the pair could remain in a narrow range, reflecting consolidation ahead of further news.

In summary, the market remains attentive to geopolitical developments and central bank decisions, which are likely to create directional movements in the sessions ahead. Traders should keep a close eye on economic announcements and monetary policy news to anticipate GBP/USD movements.