Forex analysis - 2025-03-13 (11:51)

Forex data GBP/USD
Date : 2025-03-13
Opening : 1.29617
Higher up: 1.29671
Below: 1.29600
Closing : 1.29630

Economic news :
Risk sentiment on the rocks ahead of European trading
Markets Wait For U.S. CPI Data
ForexLive European FX news wrap: The calm before the storm?

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

**Date:** 2025-03-13

**Data Summary:**
- Open:** 1.29617
- Higher:** 1.29671
- Lowest:** 1.29600
- Closing:** 1.29630

**Market context and analysis:**

**1. Current trend:**
The GBP/USD pair showed fairly limited trading activity, with a narrow range between the day's highs and lows. This indicates a degree of indecision in the market, probably due to the expectation of important economic data to come, notably the US inflation report (CPI).

**2. impact of economic news:**
- Risk sentiment:** Risk sentiment is currently mixed, contributing to the pair's limited volatility. Traders seem to be waiting for clearer indicators before making decisions.
- Markets are in wait-and-see mode for US inflation data. This data is crucial as it could influence expectations about future Federal Reserve monetary policy. Higher than expected inflation could strengthen the US dollar, putting downward pressure on GBP/USD.
- European news:** The European session is being described as "the calm before the storm", suggesting that traders are anticipating increased volatility following the release of US economic data.

**3. Short-term forecasts:**
- Bullish scenario:** If US inflation data comes in below expectations, this could weaken the US dollar, allowing GBP/USD to rally. In this scenario, we could see the pair test resistance levels around 1.29800 or higher.
- Bearish scenario:** Conversely, if US inflation beats forecasts, this could strengthen the dollar, pushing GBP/USD lower. Support levels to watch would be around 1.29500 and potentially lower if selling pressure increases.
- Neutral scenario:** If data is in line with expectations, the pair could continue to trade in a narrow range, reflecting the expectation of new data or events to catalyse a stronger directional move.

In conclusion, the GBP/USD pair is currently awaiting key economic data which could determine the next significant direction. Traders should keep a close eye on economic news and releases to adjust their strategies accordingly.