Forex analysis - 2025-07-11 (22:59)

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:
**Full analysis of the GBP/USD Forex market**.

**Market context:**

The Forex market for the GBP/USD pair showed some volatility on 11 July 2025, opening at 1.35670 and closing at 1.34990, having reached a high of 1.35850 and a low of 1.34790. This variation indicates downward pressure on sterling against the US dollar.

**Current trend:**

The day's trend was bearish, as evidenced by the drop from open to close and the presence of a significant low. The pair attempted to move higher at the start of the session, but selling pressure dominated, resulting in a lower close.

**Impact of economic news:**

Economic news plays a crucial role in the GBP/USD pair's performance. Speculation over US trade tariffs has strengthened the dollar, which is often seen as a safe haven in times of economic uncertainty. Concerns about the tariffs have also caused market turbulence, which has contributed to downward pressure on the pound.

News that markets are awaiting trade developments added to the uncertainty, which probably led to a reduction in risk appetite and increased demand for the US dollar. As a result, sterling suffered against a stronger dollar.

**Short-term forecasts:**

There are several possible scenarios for future sessions:

1. **If speculation about tariffs persists and the dollar continues to strengthen, the GBP/USD pair could continue to fall. Investors could continue to favour the dollar as a safe haven.

2. **Technical rebound:** It is possible that a technical rebound could occur if the pair reaches key support levels, attracting short-term buyers. However, this will largely depend on economic news and tariff developments.

3. **Stabilisation:** In the absence of further negative news, the pair could stabilise around current levels as traders digest the impact of recent news and await clearer indications on trade policies.

To sum up, the GBP/USD pair is currently under pressure due to speculation about US trade tariffs, strengthening the dollar. Future movements will largely depend on economic developments and trade policy news. Traders should keep a close eye on announcements and developments in trade relations to anticipate future movements.