Forex analysis - 2025-07-11 (12:54)

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:
For a full analysis of the GBP/USD forex market, let's look at the different aspects mentioned:

### Current trend :
GBP/USD opened at 1.35670 and closed at 1.34990, indicating a decline for the day. The high and low for the day were 1.35850 and 1.34790 respectively. This dynamic shows downward pressure on sterling against the US dollar.

### Impact of economic news :
Recent economic news points to a strengthening US dollar, mainly due to speculation surrounding trade tariffs. Trade tensions tend to strengthen the dollar, which is often seen as a safe haven in times of global economic uncertainty. As a result, sterling has come under downward pressure.

European news that the dollar is holding steady while stock markets await trade developments adds to the uncertainty, which tends to keep pressure on riskier currencies such as sterling.

### Short-term forecasts :
1. **Bullish scenario**: If trade tensions ease or positive UK economic data is released, GBP/USD could see a technical rebound towards resistance levels around 1.35670-1.35850.

2. **Bearish scenario**: If speculation over trade tariffs intensifies or if robust US economic data is released, the dollar could continue to strengthen, pushing the GBP/USD pair to test new support around 1.34790 or lower.

3. **Neutral scenario**: In the absence of any significant news, the pair could stabilise around the current close, with reduced volatility pending further economic catalysts.

### Conclusion :
The GBP/USD pair is currently being influenced by external factors relating to global trade tensions. Investors should closely monitor developments around trade tariffs and key economic indicators from the US and UK for further signals on the pair's future direction. Cautious risk management is advised in this climate of heightened uncertainty.