Forex analysis - 2025-03-25 (08:51)

Forex data GBP/USD
Date : 2025-03-25
Opening : 1.29203
Higher up: 1.29239
Below: 1.29161
Closing : 1.29190

Economic news :
Global FX Market Summary: Mixed US and EU PMI Data, US Dollar Strength, Market Reactions 24 March 2025
Currency Pairs In Focus As Central Banks Hold Rates
Markets Anticipate Tariff Relaxations

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

#### Preview of 25 March 2025

- Opening:** 1.29203
- Higher:** 1.29239
- Lower:** 1.29161
- Closing:** 1.29190

#### Major Economic News

Recent data highlight contrasting dynamics on the forex market, notably with mixed PMIs for the US and the EU. The US dollar has shown signs of strengthening, and the markets are reacting to this economic news. In addition, central banks have maintained their interest rates, and there are expectations of an easing of trade tariffs, which could influence future trading.

#### Detailed Analysis

##### Current Trend

The GBP/USD pair showed a slight downward trend during the session analysed, with a downward movement from the open to the close. The day's range was relatively narrow, indicating a possible consolidation before a more significant move. The strengthening of the US dollar, partly due to positive economic expectations and a stable monetary policy, is weighing on sterling.

##### Impact of Economic News

1. **Mixed PMI:** Mixed PMI results from the US and the EU created uncertainty about the future economic outlook. This contributed to moderate volatility in the currency markets, although the direct impact on GBP/USD was limited in this session.

2. **The strengthening of the US dollar, due to relatively robust economic data and an unchanged monetary policy, put pressure on sterling. This contributed to the slight fall seen in the pair.

3. **Expectations of easing trade tariffs have the potential to support sterling in the medium term, if they materialise, by boosting trade and economic growth.

##### Short-Term Forecasts

- Bullish scenario:** If expectations of tariff easing are confirmed and UK economic data improves, the pound could regain ground against the dollar. A break above immediate resistance around 1.2930 could open the way to 1.2950.

- Bearish scenario:** On the other hand, if the dollar continues to strengthen and economic uncertainties persist, the pair could test lower support levels. A break below 1.2915 could send the pair down towards 1.2900.

- Neutrality:** Consolidation could continue if markets expect more clarity on future economic policies and trade developments.

In conclusion, the GBP/USD pair is currently being influenced by global economic factors and trade policy expectations. Traders will need to keep a close eye on economic news and central bank statements to anticipate future movements.