Forex analysis - 2025-07-04 (17:49)

Forex data GBP/USD
Date : 2025-07-04
Opening : 1.36560
Higher up: 1.36810
Below: 1.36310
Closing : 1.36520

Economic news :
The US dollar sellers quickly wade in again, cable completely recovers
Global FX Market Summary: Escalating US Trade Tensions and Tariffs, US Dollar Strength, Currency Fluctuations 7 July 2025
GBP/USD: Downside in Focus With US Dollar Strength Confirming Pressure

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

**Date:** 2025-07-04

**Market Data Summary:**
- Opening:** 1.36560
- Higher:** 1.36810
- Lowest:** 1.36310
- Closing:** 1.36520

**Major Economic News:**
1. Sellers of the US dollar quickly intervene again, and the GBP/USD pair recovers fully.
2. Summary of the world foreign exchange market: Rising US trade tensions and tariffs, strength of the US dollar, currency fluctuations to 7 July 2025.
3. GBP/USD: The focus is on the downside, with the strength of the US dollar confirming the pressure.

**Detailed analysis:**

**1. Current Trend:**
The GBP/USD pair is showing a slight fall from its opening price, closing slightly below its opening level at 1.36520. This reflects some intraday volatility, with the pair hitting a high of 1.36810 and a low of 1.36310. The downward pressure suggests that the recent strength of the US dollar is having an impact on the pair, but the recovery mentioned in the news shows sterling's resilience in the face of pressure.

**2. impact of economic news:**
Trade tensions between the US and other countries, as well as the general strengthening of the US dollar, are key factors influencing the GBP/USD pair at present. The mention of US dollar sellers intervening suggests that, despite downward pressure, there is a willingness in the market to take advantage of dollar spikes to sell, which could offer some support to sterling in the short term.

**3. Short-term forecasts:**
- Bullish scenario:** If trade tensions ease or positive UK economic data emerges, sterling could find further support, pushing GBP/USD to retest resistance levels near or above 1.36810.
- Bearish scenario:** If the US dollar continues to strengthen, particularly on the back of positive US economic data or persistent trade tensions, the pair could see continued downward pressure, potentially testing support at 1.36310 or even lower.
- Neutral scenario:** If the external factors balance out, the pair could hover around its current level, with limited volatility, pending further economic or political news.

In conclusion, although the current pressure on sterling is notable, market dynamics could change rapidly as a result of economic and political developments, requiring close monitoring of key indicators and economic news.