Forex analysis - 2025-07-10 (06:57)

Forex data GBP/USD
Date : 2025-07-10
Opening : 1.35860
Higher up: 1.36190
Below: 1.35300
Closing : 1.35730

Economic news :
Markets Eye Fed Easing
The USD is little changes vs the EUR, JPY and GBP to kickstart the new trading day
GBP/USD Outlook: Sterling Steady as Traders Eye Tariff Talks

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

#### Data of the Day
- Open:** 1.35860
- Higher:** 1.36190
- Lowest:** 1.35300
- Closing:** 1.35730

#### Current Trend
The GBP/USD pair fell slightly on the day, closing below its opening level. Volatility remains moderate, with a high of 1.36190 and a low of 1.35300. This indicates a degree of indecision in the market, with buying and selling forces relatively balanced.

#### Impact of Economic News
The major economic news underlines the focus on US Federal Reserve (Fed) policies, with expectations of monetary easing. This could influence the strength of the US dollar in the days ahead. At the same time, the fact that the US dollar is little changed against the euro, yen and sterling suggests a temporary stabilisation.

Discussions on tariffs affecting the UK could also have an impact on sterling, but for the time being it remains relatively stable. Traders seem to be waiting for more clarity on these issues before taking significant positions.

#### Short-Term Forecasts
- Bullish scenario:** If the Fed confirms a more accommodative monetary policy, this could weaken the US dollar, allowing the GBP/USD pair to advance. A breach of the immediate resistance level at 1.36190 could open the way to 1.36500.

- Bearish scenario:** In the absence of any significant news to strengthen sterling, a resumption of dollar strength could push the pair towards support at 1.35300. A breach below this level could see the pair test psychological support at 1.35000.

- Neutral scenario:** If the markets continue to digest the news without a clear catalyst, the pair could move sideways between 1.35300 and 1.36190, pending more significant economic events.

In summary, the GBP/USD pair is currently being influenced by expectations regarding Fed policy and discussions on tariffs in the UK. Traders should keep a close eye on upcoming economic statements, which could provide further clues as to the pair's future direction.