Forex data GBP/USD
Date : 2025-06-23
Opening : 1.34039
Higher up: 1.35228
Below: 1.33699
Closing : 1.35170

Economic news :
FTSE 100 Records Lower Losses
ForexLive European FX news wrap: Dollar up, markets weigh Iran-Israel developments
Dollar Rebounds Amidst Escalation In Middle East Tensions

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

#### General Context
The foreign exchange market for the GBP/USD showed considerable volatility on 23 June 2025. Opening at 1.34039, the pair reached a high of 1.35228 before closing at 1.35170. This rise indicates an appreciation in sterling against the US dollar over this period.

#### Current Trend
The GBP/USD pair showed a bullish trend over the course of the day, closing near its intraday high. This suggests sustained buying pressure, possibly influenced by external factors and broader market movements.

#### Impact of Economic News
1. **FTSE 100 Records Lower Losses**: A moderate decline in the FTSE 100 could signal caution among UK investors. However, the fact that losses are limited may signal a resilient UK economy, which could support sterling.

2. **Dollar up, markets weigh Iran-Israel developments** : The dollar's rise has probably been held back by geopolitical tensions in the Middle East, which are creating uncertainty in the markets. These tensions may trigger a flight to safety, which could explain the dollar's resilience despite the geopolitical challenges.

3. **Dollar Rebounds Amidst Escalation In Middle East Tensions** : The escalation of tensions in the Middle East helped to strengthen the dollar as a safe-haven asset, but the impact on GBP/USD was mitigated by local factors in the UK and sustained demand for the pound.

#### Short-Term Forecasts
- Bullish scenario**: If geopolitical tensions ease and UK economic indicators remain solid, GBP/USD could continue its upward trajectory. The next major resistance could be around 1.3550.

- Bearish scenario**: On the other hand, an intensification of tensions in the Middle East or disappointing UK economic data could reverse the current trend. In this case, a return to support around 1.3400 is conceivable.

- Factors to Watch**: Investors should keep a close eye on geopolitical developments and major economic announcements, particularly UK and US growth and employment figures, which could influence the pair's movements.

In conclusion, although the GBP/USD pair has shown positive momentum, geopolitical and economic uncertainties continue to play a crucial role in its future direction. Traders should remain vigilant and ready to react to new information and changes in market sentiment.