Forex analysis - 2025-07-11 (13:49)

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

#### Market Context
The GBP/USD pair showed notable volatility during the session of 11 July 2025, with an opening at 1.35670, a high at 1.35850, a low at 1.34790 and a close at 1.34990. The market was dominated by speculation over trade tariffs, which influenced the pair's performance.

#### Current Trend
The general trend during the session was bearish. The fact that the pair closed below its opening level, after hitting a significant low, suggests selling pressure. This pressure seems to be exacerbated by economic uncertainties and speculation about US trade tariffs.

#### Impact of Economic News
Major economic news had a direct impact on the GBP/USD pair. The strengthening US dollar, spurred on by speculation about trade tariffs, has put pressure on sterling. The markets are also concerned about the potential impact of these tariffs on world trade, which has led to a degree of risk aversion, helping to push down riskier assets, including sterling.

- U.S. Dollar Strengthens Amid Trade Tariff Speculations** : The US dollar strengthened on speculation of new trade tariffs. This tends to weaken sterling in the GBP/USD pair, as a stronger dollar reduces the relative value of the pound.

- ForexLive European FX news wrap** : The markets are waiting for concrete trade developments. This uncertainty has led to relative stability for the dollar, but has also created downward pressure on other currencies, including the pound.

- Tariff Turbulence Haunts Markets**: The turbulence caused by the tariff talks prompted investors to turn to safe havens such as the US dollar, increasing pressure on the pound.

#### Short-Term Forecasts
There are several possible scenarios for future sessions:

1. **Continuation of the Bearish Trend**: If speculation surrounding trade tariffs persists or intensifies, the dollar could continue to strengthen, pushing the GBP/USD pair even lower. The next technical support could be tested around the 1.3450 level.

2. **Technical Rebound**: In the absence of further negative news, a technical rebound could occur, leading the pair to retest resistance levels around 1.3530 to 1.3550.

3. **Economic Data Impact**: Upcoming economic data releases from both the US and the UK could also influence the pair. Positive UK economic data could offer some support to the pound.

In conclusion, the GBP/USD pair is currently under pressure due to the uncertainties surrounding trade tariffs. Investors should keep a close eye on economic and political developments to anticipate future movements in the pair.