Forex data GBP/USD
Date : 2025-04-02
Opening : 1.29000
Higher up: 1.29306
Below: 1.29000
Closing : 1.29132

Economic news :
ForexLive Asia-Pacific FX news wrap: Trump reciprocal tariff announcement due later
Avenix Fzco Introduces Avexbot: Data-Driven Precision for Forex Traders
Markets Worry About Recession In The U.S.

Detailed analysis:
For a full analysis of the GBP/USD forex market on 2 April 2025, let's look at the various aspects mentioned.

### Current trend

The GBP/USD pair fluctuated slightly over the course of the day, opening at 1.29000 and closing slightly higher at 1.29132. The high for the day was 1.29306, indicating limited volatility. The trend appears to be relatively stable, with some slight upward pressure towards the end of the session.

### Impact of economic news

1. **Trump's announcement of reciprocal tariffs:** This announcement has probably introduced some uncertainty into the market, creating a cautious atmosphere among traders. The tariffs may affect trade relations between the US and its partners, which could have repercussions for the US dollar and, consequently, the GBP/USD pair.

2. **Introduction of the Avexbot by Avenix Fzco:** The introduction of a new data-driven trading tool can influence the way traders approach the market, although its immediate impact on GBP/USD is likely to be limited. However, in the long term, such tools can change the dynamics of trading by introducing greater accuracy and efficiency.

3. **Fears of a US recession may weaken the US dollar as investors seek refuge in safer assets. This could support sterling against the dollar if these fears persist.

### Short-term forecasts

- Bullish scenario:** If concerns about a US recession intensify, the dollar could weaken further, pushing GBP/USD higher. In addition, if reciprocal tariff announcements are seen as damaging to the US economy, this could also strengthen the pound.

- Bearish scenario:** If economic news in the US improves or if the tariff announcements are seen as having a limited impact, the dollar could strengthen, pushing GBP/USD lower.

- Neutral scenario:** If the markets digest this news without reacting strongly, the pair could continue to trade in a narrow range, reflecting a wait-and-see attitude on the part of investors.

In summary, the GBP/USD pair is currently being influenced by major geopolitical and economic factors. Traders should keep a close eye on developments surrounding tariffs and recession fears to anticipate short-term movements in this currency pair.