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:
### Complete Forex Market Analysis - GBP/USD
#### Date: 2025-07-11
#### Market Data :
- Opening:** 1.35670
- Highest:** 1.35850
- Lowest:** 1.34790
- Closing:** 1.34990
### Detailed Analysis :
#### 1. **Current trend:**
The GBP/USD pair showed notable volatility during the session, with significant movement between the high of 1.35850 and the low of 1.34790. The close at 1.34990, below the opening price of 1.35670, indicates bearish pressure on sterling against the US dollar. This can be attributed to a stronger dollar, potentially influenced by speculation over trade tariffs.
#### 2. **Impact of Economic News:**
- US Dollar Strengthening:** Speculation over trade tariffs tends to strengthen the US dollar as investors seek safe-haven assets. This has a direct impact on the GBP/USD pair, increasing selling pressure on sterling.
- The expectation of news on trade tariffs is creating uncertainty in the markets, leading to increased volatility. The currency markets are particularly sensitive to these uncertainties, which may explain the pair's downward movement.
- Trade tensions generally affect investor confidence and can influence currency movements. In this context, the strengthening of the dollar is a typical market reaction.
#### 3. **Short-term forecast:**
- Bullish scenario:** If speculation over tariffs subsides or if positive news emerges regarding trade relations, there could be a rebound in sterling, pushing the GBP/USD pair to retest resistance levels around 1.35670.
- Bearish scenario:** If trade tensions intensify or the dollar continues to strengthen, the pair could continue to fall, potentially testing support around 1.34790 or even lower.
- Neutrality Possible:** In the absence of significant news, the pair could oscillate in a narrow range, with traders reluctant to take large positions ahead of major economic announcements.
### Conclusion :
Movements in the GBP/USD pair are heavily influenced by the current economic climate, particularly speculation about trade tariffs. Traders should keep a close eye on economic news and political developments to anticipate future movements in this currency pair. Key technical levels to watch include recent lows and highs, as well as short-term support and resistance levels.
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