Forex data GBP/USD
Date : 2025-03-11
Opening : 1.28774
Higher up: 1.28858
Below: 1.28718
Closing : 1.28830

Economic news :
GBP/USD Price Analysis: Dollar Weakness Strengthens Sterling
Gold Prices Retreat Ahead of Crucial US Data - Could CPI Print Spark a Rebound?
US Dollar Faces Challenge as FX Markets Pivot to China Amid Trade Tensions

Detailed analysis:
### Complete Forex Market Analysis - GBP/USD

#### 1 Market context

**Opening:** 1.28774
**Highest:** 1.28858
**Lower:** 1.28718
**Closing:** 1.28830

The GBP/USD pair rose slightly over the course of the day, opening at 1.28774 and closing at 1.28830, indicating a degree of stability despite intraday fluctuations.

#### 2. Current trend

The current trend in the GBP/USD pair appears to be slightly bullish, influenced by weakness in the US dollar. The small amplitude between the day's highs and lows suggests consolidation, but the intraday bias remains upwards.

#### 3 Impact of Economic News

- Dollar Weakness Strengthens Sterling:** The weakness of the US dollar, due to various economic uncertainties, has strengthened sterling. Concerns about trade tensions between the US and China also contributed to this trend, as investors sought alternatives to the dollar.

- Gold Prices Retreat Ahead of US Data:** The decline in gold prices ahead of the release of crucial US economic data, such as the Consumer Price Index (CPI), could signal increased volatility ahead. If the CPI beats expectations, this could influence monetary policy expectations, impacting the dollar and therefore GBP/USD.

- FX Markets Pivot to China Amid Trade Tensions:** The market pivot to China due to trade tensions could have an indirect impact on GBP/USD. Escalating tensions could strengthen the dollar as a safe-haven asset, but for the time being the pound is benefiting from investors' repositioning.

#### 4. Short-term forecasts

- Bullish scenario:** If dollar weakness persists and trade tensions intensify, the pound could continue to appreciate. Immediate resistance is around 1.2900, and a breach of this level could open the way to 1.2950.

- Bearish scenario:** In the event of favourable US economic data, notably a better-than-expected CPI, the dollar could regain ground. In this case, a return to support at 1.2850 could be envisaged.

- Consolidation scenario:** If economic and geopolitical factors stabilise, the pair could continue to trade in a narrow range, with support at 1.2870 and resistance at 1.2890.

In conclusion, investors should keep a close eye on US economic developments and trade tensions to assess the future direction of GBP/USD.