Forex data GBP/USD
Date : 2025-02-26
Opening : 1.26717
Higher up: 1.26728
Below: 1.26715
Closing : 1.26722
Economic news :
GBP/USD Forecast Turns Negative Amid US Inflation, Tariffs
Dollar Weakens Despite Hawkish Fed And Fresh Tariff Warnings
World Markets Trade On A Mixed Note
Detailed analysis:
For a full analysis of the GBP/USD forex market, let's look at the various aspects mentioned.
### Current trend :
The GBP/USD pair is showing a slightly neutral to bearish trend based on the data provided. Price movements between the open and close are minimal, indicating low volatility for the day analysed. A tightening of prices with a small gap between high and low suggests a consolidation phase or waiting for external catalysts to trigger more significant movements.
### Impact of economic news :
1. **Negative forecasts for GBP/USD due to US inflation and tariffs:**.
- Inflationary pressures in the United States could strengthen the dollar if they lead to expectations of further rate hikes by the Fed. This could weigh on GBP/USD.
- Tariffs could also have an impact on trade relations, influencing currency flows and demand for the dollar.
2. **The dollar weakens despite a hawkish Fed and fresh warnings about tariffs:**.
- The fact that the dollar is weakening despite tight monetary policy suggests that other factors, such as global economic concerns or market movements, could be influencing investor perceptions.
- Warnings of new tariffs could affect investor confidence, leading to risk aversion that could either support the dollar as a safe haven or penalise it if global growth expectations fall.
3. **World markets in dispersed order:**
- Uncertainty in the markets can lead to increased volatility for currency pairs, including GBP/USD, especially if major economic news is expected.
### Short-term forecasts :
- Bullish scenario:** If US inflation concerns ease or UK economic data surprise positively, the pair could find support and target resistance levels above 1.26728.
- Bearish scenario:** A continuation of inflationary worries or an intensification of trade tensions could push the GBP/USD to test new support below the 1.26715 level.
- Neutral scenario:** If economic and trade tensions remain unchanged, the pair could continue to consolidate around current levels, pending further economic data or political decisions.
### Conclusion :
The GBP/USD pair is currently being influenced by complex economic factors. Traders should keep a close eye on economic announcements, particularly those relating to inflation and trade policies, to anticipate future movements. A cautious approach is recommended, with particular attention paid to key support and resistance levels.
