Forex data GBP/USD
Date : 2025-06-24
Opening : 1.35203
Higher up: 1.36265
Below: 1.35178
Closing : 1.35920

Economic news :
GBP/USD Rebounds After Trump Announces Israel-Iran Ceasefire
Gold Retreats as Israel-Iran Ceasefire Calms Geopolitical Fears, Eyes on Fed
FTSE 100 Records Lower Losses

Detailed analysis:
**Full analysis of the GBP/USD Forex market**.

**Date:** 2025-06-24

### Market data
- Opening:** 1.35203
- Higher:** 1.36265
- Lowest:** 1.35178
- Closing:** 1.35920

### Major economic news
- GBP/USD rebounds after Trump's announcement of an Israel-Iran ceasefire:** The announcement probably helped to ease some of the geopolitical uncertainties, boosting confidence in riskier assets, including sterling.
- Gold retreats as ceasefire eases geopolitical fears, with focus on Fed:** Gold's retreat suggests reduced demand for safe-haven assets, which may have strengthened sterling against the US dollar.
- Although the FTSE 100 recorded losses, the reduction in geopolitical uncertainty may have limited the fall, which is generally a positive sign for sterling.

### Detailed analysis

#### Current trend
The GBP/USD pair is showing a short-term bullish trend, as evidenced by the rebound from the opening level at 1.35203 to a close at 1.35920. The day's high of 1.36265 indicates an attempt to push higher, but with a close below that level, there is some pressure.

#### Impact of business news
News of a ceasefire between Israel and Iran had a calming effect on the markets, reducing geopolitical fears and supporting currencies such as sterling. The fall in gold, a safe-haven asset, reinforces the idea that investors are more inclined to take risks, which is generally favourable for the pound. However, the focus on the Federal Reserve (Fed) suggests that investors are also paying attention to the outlook for US monetary policy, which could influence the strength of the dollar.

#### Short-term forecasts
- Bullish scenario:** If the geopolitical situation continues to ease and the economic news from the UK is positive, the pair could retest the high of 1.36265, or even exceed it.
- Bearish scenario:** If strong US economic data or hawkish comments from the Fed emerge, this could strengthen the dollar and push the pair to test support around 1.35203.
- Factors to watch:** Investors should keep an eye on Fed statements, key US and UK economic data and any further developments regarding the geopolitical situation in the Middle East.

In conclusion, although the GBP/USD has shown some strength today, markets remain sensitive to geopolitical developments and monetary policy stances. Traders should remain vigilant to economic news and central bank statements.