Forex analysis - 2025-07-11 (02:52)

Forex data GBP/USD
Date : 2025-07-11
Opening : 1.35670
Higher up: 1.35850
Below: 1.34790
Closing : 1.34990

Economic news :
U.S. Dollar Strengthens Amid Trade Tariff Speculations
ForexLive European FX news wrap: Dollar steady, equities down awaiting trade developments
Tariff Turbulence Haunts Markets

Detailed analysis:
Forex market analysis for the GBP/USD pair on 11 July 2025 shows a day marked by moderate volatility and a close lower than the opening. Here is a detailed analysis:

### Current trend
The GBP/USD pair opened at 1.35670 and closed at 1.34990, declining over the course of the day. The day's high was 1.35850, while the low was 1.34790. This variation indicates bearish pressure, probably influenced by the strength of the US dollar.

### Impact of economic news
Recent economic news has had a significant impact on the pair:

1. **Speculation about US trade tariffs has strengthened the dollar, putting downward pressure on the GBP/USD pair. Investors often turn to the dollar as a safe haven in times of trade uncertainty.

2. **The markets are awaiting clarification on tariff policies, which has led to a degree of caution among traders. This expectation has stabilised the dollar, while equity markets have shown signs of weakness.

3. **Tariff turbulence:** Persistent concerns about tariffs created a climate of uncertainty which weighed on sterling, contributing to the fall in the GBP/USD pair.

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

1. **If speculation over trade tariffs persists and the dollar continues to strengthen, the pair could continue its downtrend, potentially testing support levels around 1.3450.

2. **Technical rebound:** A technical rebound could occur if the markets consider the pair to be oversold, especially if positive news on trade negotiations emerges.

3. **Consolidation:** In the absence of any major economic news, the pair could enter a consolidation phase, oscillating between its recent support and resistance levels.

### Conclusion
The GBP/USD pair is currently being influenced by developments surrounding US tariff policies, which have strengthened the dollar. Traders should keep a close eye on economic announcements and trade developments to anticipate future movements in the pair. Cautious risk management is recommended, given the potential volatility associated with economic news.