Forex analysis - 2025-07-11 (08:56)

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 to 11 July 2025 presents several key elements to consider, including price movements, recent economic news and short-term forecasts.

### Current trend :
GBP/USD opened at 1.35670 and closed at 1.34990, indicating a decline for the day. The high for the day was 1.35850, while the low was 1.34790. This drop could be indicative of a short-term downtrend, although the movement is not extremely pronounced. Intraday fluctuations show moderate volatility, with apparent resistance around 1.35850 and support near 1.34790.

### Impact of economic news :
Recent economic news shows that the US dollar is strengthening as a result of speculation surrounding trade tariffs. These speculations appear to be creating uncertainty on the markets, which may be increasing the appeal of the dollar as a safe haven. This dollar strength is putting downward pressure on the GBP/USD pair, contributing to sterling's depreciation against the dollar.

In addition, the fact that equity markets are down pending developments on trade tariffs could also indicate increased risk aversion among investors, which generally favours the US dollar.

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

1. **If speculation about trade tariffs continues to strengthen the dollar, GBP/USD could continue to fall. A breach of support at 1.34790 could pave the way for a further decline to lower levels.

2. **Stabilisation:** If markets get positive clarification on trade tariffs, this could stabilise the pair, keeping it in a narrow range around current levels.

3. **Rebound:** If speculation over tariffs subsides or if there is positive news about the UK economy, the pair could rebound. A break above resistance at 1.35850 could signal a short-term trend reversal.

### Conclusion :
The GBP/USD pair is currently under pressure mainly due to the strength of the US dollar fuelled by trade uncertainties. Investors should keep a close eye on developments concerning tariffs and economic indicators on both sides of the Atlantic to anticipate future movements. The key technical levels to watch are support at 1.34790 and resistance at 1.35850.