Forex data GBP/USD
Date : 2025-06-17
Opening : 1.35717
Higher up: 1.35794
Below: 1.34150
Closing : 1.34300

Economic news :
Futures Slide, Oil Rises As Mideast Tensions Build
Gold Prices Drop Sharply Amid Signs of Easing Iran-Israel Conflict
Futures Surge As Dip-Buyers Ignore Escalating Middle-East War

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

#### Market Context
The GBP/USD pair showed notable volatility on 17 June 2025, opening at 1.35717 and closing lower at 1.34300. The market saw a high of 1.35794 and a low of 1.34150, indicating significant downward pressure throughout the day.

#### Current Trend
The current trend in GBP/USD is clearly bearish. The inability to hold the opening levels and the close well below the open suggest that sellers have dominated the market. This pressure could be attributed to a number of factors, including geopolitical uncertainties and capital flows to assets considered safer.

#### Impact of Economic News
Tensions in the Middle East, notably between Iran and Israel, had a significant impact on market sentiment. Geopolitical tensions tend to increase risk aversion, causing investors to turn to the US dollar, seen as a safe haven, which contributed to the fall in GBP/USD. In addition, the fall in the price of gold, often another safe-haven asset, could indicate that investors are anticipating a potential resolution to the conflicts, but for the time being, uncertainty remains high.

News of rising oil prices due to tensions in the Middle East could also have an indirect impact on GBP/USD. As the UK is a net importer of oil, a rise in prices could weigh on the British economy, putting further pressure on sterling.

#### Short-Term Forecasts
In the short term, there are several possible scenarios for the GBP/USD pair:

1. **If geopolitical tensions persist or intensify, pressure on sterling could continue, pushing the pair to new lows. Investors could continue to favour the US dollar against a backdrop of uncertainty.

2. **Technical rebound:** A technical rebound could occur if the market considers the pair to be oversold. However, this rebound could be limited if the underlying fundamentals, such as tensions in the Middle East, do not improve.

3. **Stabilisation:** If there are concrete signs that geopolitical tensions are easing, the pair could stabilise around current levels. A partial resolution or positive negotiations could reduce risk aversion.

In conclusion, the GBP/USD pair is currently under pressure due to major external factors. Traders should keep a close eye on geopolitical developments as well as key economic indicators from the UK and US to adjust their strategies accordingly.