Forex analysis - 2025-07-10 (16:51)

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

Economic news :
ForexLive European FX news wrap: Dollar steady, equities down awaiting trade developments
Tariff Turbulence Haunts Markets
GBP/USD: Pound Dips as UK GDP Contracts

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

### Current trend :
The GBP/USD pair fell slightly during the session of 10 July 2025, closing at 1.35730 after opening at 1.35860. The day was marked by moderate volatility, with a high of 1.36190 and a low of 1.35300. The general trend seems to be downwards, influenced by economic and political factors. The day was marked by moderate volatility, with a high of 1.36190 and a low of 1.35300. The general trend appears to be downwards, influenced by economic and political factors.

### Impact of economic news :
Recent economic news has had a significant impact on the GBP/USD :

1. **ForexLive European FX news wrap** : The dollar remained stable despite falling equity markets, suggesting persistent demand for the US currency. The dollar's stability may have contributed to the downward pressure on the pound.

2. **Tariff Turbulence Haunts Markets** : Concerns over tariffs and trade tensions persist, creating uncertainty in the markets. This uncertainty tends to strengthen the dollar as a safe haven, putting further pressure on sterling.

3. **GBP/USD: Pound Dips as UK GDP Contracts** : The contraction in UK GDP is a key factor in the weakness of the pound. A contracting economy can reduce investor confidence in the pound, increasing selling pressure.

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

1. **Continued downward pressure**: If trade tensions persist and UK economic data continues to disappoint, the pair could continue to fall, potentially testing support around 1.3500.

2. **Technical rebound**: A technical rebound could occur if investors feel the pair is oversold. This could take the pair back towards immediate resistance around 1.3600.

3. **Influence of new economic data** : Upcoming economic releases, such as UK employment figures or inflation data, could influence the direction of the pair. Better-than-expected data could support the pound and lead to an upward movement.

In conclusion, the GBP/USD pair is currently under pressure due to unfavourable economic factors in the UK and the relative strength of the dollar. Vigilance is still called for as we await economic and political developments that could influence the pair's future direction.