Forex data GBP/USD
Date : 2025-03-17
Opening : 1.29294
Higher up: 1.29354
Below: 1.29247
Closing : 1.29260
Economic news :
Inspired Reports Fourth Quarter and Year End 2024 Results
Mixed Trend In World Markets
Dollar eases as the risk mood picks up a little, eyes on US retail sales
Detailed analysis:
A full analysis of the forex market for the GBP/USD pair on 17 March 2025 reveals several key points to consider.
### Technical Analysis
#### Performance of the Day
- Open:** 1.29294
- Higher:** 1.29354
- Lowest:** 1.29247
- fence:** 1.29260
The GBP/USD pair had a relatively stable day with little amplitude between the high and low, indicating low volatility for this session. The slight fall in the close compared with the open could suggest minor downward pressure.
### Fundamental Analysis
#### Current Trend
The GBP/USD pair appears to be in a consolidation phase, which is typical in a context of economic uncertainty or before a major announcement. Low volatility may indicate that investors are waiting for more clarity on future economic data or monetary policy.
#### Impact of Economic News
1. **Inspired Reports Fourth Quarter and Year End 2024 Results**: Although this news is more specific to the company, it could reflect wider economic trends if the company is a major player in its sector, influencing investor confidence in the UK economy.
2. **Mixed Trend In World Markets**: Mixed world markets can reflect widespread uncertainty affecting sterling. When world markets are indecisive, this can lead to increased volatility for currencies like GBP that are sensitive to capital flows.
3. **Dollar eases as the risk mood picks up a little, eyes on US retail sales** : The slight easing in the US dollar, combined with a more risk-friendly market mood, could offer short-term support for GBP/USD. However, any positive developments will depend on US retail sales results, as strong figures could strengthen the dollar and reverse this trend.
### Short-Term Forecasts
#### Possible scenarios
1. **Bullish scenario:** If US retail sales fall short of expectations, the dollar could continue to weaken, allowing the GBP to appreciate slightly. A break above 1.29354 could pave the way for an advance towards the 1.2950 area.
2. **Bearish scenario:** Strong US retail sales figures could strengthen the dollar, pushing the GBP/USD pair to retest support at 1.29247. A break below this level could lead to a drop towards 1.2900.
3. **Neutral scenario:** If economic data is in line with expectations, the pair could continue to trade in a narrow range between 1.29250 and 1.29350 until further economic or political information becomes available.
### Conclusion
The GBP/USD pair is currently being influenced by external factors, particularly economic developments in the United States. Traders should keep a close eye on upcoming economic releases, particularly US data, to assess potential moves. Future policy decisions by the Bank of England and the Federal Reserve will also determine the pair's medium-term direction.
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