Forex data GBP/USD
Date : 2025-06-23
Opening : 1.34039
Higher up: 1.34486
Below: 1.33994
Closing : 1.34400

Economic news :
Central banks' decisions loom amidst global uncertainty, Octa Broker offers its view
Monday open levels, indicative FX prices, 16 June 2025 - USD up after Trump bombs Iran
GBP/USD Weekly Forecast: Diverging Fed-BoE Weighs on Pound

Detailed analysis:
To carry out a complete analysis of the GBP/USD forex market on 23 June 2025, we will look at several key elements, including current trends, the impact of recent economic news and short-term forecasts.

### Current Trend Analysis

GBP/USD opened at 1.34039 and closed at 1.34400, showing a slight appreciation over the course of the day. The high at 1.34486 and the low at 1.33994 indicate some volatility, but within a relatively tight range. This trend suggests moderate upward pressure on sterling against the US dollar.

### Impact of Economic News

1. **Central bank decisions:** Central bank decisions are crucial for the currency markets. Global uncertainty is increasing investors' sensitivity to decisions by the Federal Reserve (Fed) and the Bank of England (BoE). If the Fed adopts a more aggressive interest rate policy than the BoE, this could weaken the pound against the dollar.

2. **Geopolitical context:** The aforementioned incident involving the Trump administration and Iran tends to strengthen the dollar as a safe-haven asset. Geopolitical tensions can lead to increased volatility and risk aversion, which generally favours the US dollar.

3. **Divergent Fed-BoE forecasts:** Divergent forecasts between the Fed and the BoE are weighing on the pound. If the Fed seems more inclined to raise interest rates to counter inflation, while the BoE takes a more cautious approach, this could continue to put downward pressure on the pound.

### Short-Term Forecasts

1. **Bullish scenario:** If the BoE adopts a more hawkish tone in its forthcoming announcements, or if geopolitical tensions ease, the pound could continue to appreciate against the dollar. A clear break above immediate resistance at 1.34500 could pave the way for further gains.

2. **Conversely, if the Fed announces more aggressive rate hikes or if geopolitical tensions intensify, the pair could fall back below 1.34000. Key support could lie around 1.33500.

3. **If the two central banks remain cautious and the geopolitical context remains stable, the pair could continue to trade in a tight range between 1.34000 and 1.34500 until the next major announcement.

In conclusion, the GBP/USD pair is currently influenced by complex economic and geopolitical factors. Traders should keep a close eye on central bank statements and geopolitical developments to anticipate future movements in this currency pair.