Forex analysis - 2025-02-24 (23:03)

Forex data GBP/USD
Date : 2025-02-24
Opening : 1.26500
Higher up: 1.26905
Below: 1.26117
Closing : 1.26222

Economic news :
Dollar Weakens Despite Hawkish Fed And Fresh Tariff Warnings
World Markets Trade On A Mixed Note
Wipro Limited (WIT): Among the Best Low Priced Stocks to Invest In Now

Detailed analysis:
**Comprehensive analysis of the GBP/USD Forex market**.

**1. Current Trend:**

The GBP/USD pair showed a slight downward trend during the session of 24 February 2025. The pair opened at 1.26500 and closed at 1.26222, recording a decline for the day. The day's high of 1.26905 and low of 1.26117 indicate moderate volatility, with selling pressure dominating the session.

**2. impact of economic news:**

- Dollar Weakens Despite Hawkish Fed And Fresh Tariff Warnings:** Despite an aggressive (hawkish) stance by the Federal Reserve, which would normally have strengthened the dollar, it has weakened. This could be due to concerns about new trade tensions and tariffs that could harm the US economy, thus weakening the dollar.

- World Markets Trade On A Mixed Note:** Global markets showed mixed performances, reflecting general uncertainty among investors. This uncertainty may influence demand for safe-haven or risk currencies, indirectly impacting the GBP/USD pair.

- Wipro Limited (WIT): Among the Best Low Priced Stocks to Invest In Now:** While this news is more focused on equities, it may reflect some interest in low-priced investments, indicating an appetite for risk that could influence capital flows and, by extension, exchange rates.

**3. Short-term forecasts:**

- Bullish scenario:** If the dollar continues to weaken on economic or political concerns, GBP/USD could see a recovery, retesting resistance levels around 1.26500 to 1.26905.

- Bearish scenario:** If trade tensions rise or if disappointing UK economic data emerge, the pair could continue to fall, testing support lower towards 1.26000 or even 1.25800.

- Neutral scenario:** In the absence of any major news, the pair could consolidate around current levels, oscillating in a narrow range between 1.26100 and 1.26500, as investors digest the recent economic news.

In conclusion, although the pair's current trend is slightly bearish, global economic and political uncertainties could quickly change the dynamic. Traders should monitor economic developments and major political announcements to adjust their positions accordingly.