Forex analysis - 2025-07-09 (15:50)

Forex data GBP/USD
Date : 2025-07-09
Opening : 1.35850
Higher up: 1.36190
Below: 1.35610
Closing : 1.35860

Economic news :
The USD is little changes vs the EUR, JPY and GBP to kickstart the new trading day
GBP/USD Slides to 2-Week Low Amid Tariff Turmoil and UK Fiscal Woes
GBP/USD Sets the Ground for a Pivot

Detailed analysis:
To carry out a complete analysis of the GBP/USD forex market on 9 July 2025, we will look at the following key elements: the current trend, the impact of economic news and short-term forecasts.

### Current trend
On the date in question, GBP/USD opened at 1.35850, reached a high of 1.36190, a low of 1.35610 and closed at 1.35860. These movements show moderate volatility, with a slight rise from the opening level. The close is almost at the same level as the open, indicating a lack of clear direction on this particular day. The fact that the pair has slipped to a two-week low suggests recent bearish pressure, potentially due to underlying economic factors.

### Impact of economic news
1. **Tariff Turmoil: Trade tensions, often referred to as "tariff turmoil", can negatively affect sterling, especially if they involve key UK trading partners. This could increase economic uncertainty and weaken the pound.

2. **UK Fiscal Woes: Fiscal woes in the UK, such as high budget deficits or uncertain fiscal policies, may also weigh on investor confidence in sterling.

3. **USD Stability**: The fact that the US dollar is little changed compared with other major currencies (EUR, JPY, GBP) indicates a degree of dollar stability, which could limit significant movements in the GBP/USD pair, unless pound-specific factors dominate.

### Short-term forecasts
There are several possible scenarios for future sessions:

1. **Bullish scenario**: If corrective measures or positive announcements are made regarding the UK's fiscal problems, this could support sterling and push GBP/USD higher. An improvement in trade relations or an easing of tariff tensions could also boost the pound.

2. **Bearish scenario**: If fiscal problems worsen or trade tensions persist, bearish pressure could intensify, taking the pair to new lows. In addition, if US economic indicators point to continued strength in the US economy, this could strengthen the dollar and put further pressure on the pair.

3. **Neutral scenario**: In the absence of any significant news and with a stable dollar, the pair could continue to trade in a narrow range around its current closing level, pending any major economic or political developments.

In conclusion, the GBP/USD pair is currently being influenced by economic uncertainty in the UK and by trade tensions. Investors will need to keep an eye on political and economic announcements to anticipate future movements.