Forex data GBP/USD
Date : 2025-04-02
Opening : 1.29227
Higher up: 1.30249
Below: 1.29001
Closing : 1.29912

Economic news :
Markets Brace For Trump's New Trade Tariffs
Markets Brace For Trump's New Trade Tariffs
ForexLive European FX news wrap: Markets on edge awaiting Trump tariffs

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

#### Date: 2025-04-02

#### Market Data :
- Opening:** 1.29227
- Higher:** 1.30249
- Lower:** 1.29001
- Closing:** 1.29912

#### Major Economic News :
The markets are currently under pressure due to the imminent announcement of new trade tariffs by the Trump administration. These measures could have a significant impact on the financial markets, particularly on currency pairs involving the US dollar.

#### Detailed Analysis :

##### Current Trend :
The GBP/USD pair showed a slight uptrend on the day, opening at 1.29227 and closing at 1.29912. The high of 1.30249 indicates that the market tested resistance levels above 1.30, but failed to sustain these gains.

##### Impact of Economic News :
The announcement of new tariffs by the United States has created uncertainty on the markets. A tense market environment due to protectionist trade policies may strengthen the US dollar as a safe haven, which could put downward pressure on the GBP/USD pair. However, the impact on the GBP may be mitigated if the UK is seen as a trading partner less directly affected by these tariffs.

##### Short Term Forecast :
- Bullish scenario:** If the market reaction to tariffs is less severe than expected or if positive economic data emerges from the UK, GBP/USD could continue to test resistance levels around 1.3050.
- Bearish scenario:** If tariffs cause the dollar to appreciate sharply or if disappointing UK economic data is published, the pair could fall back towards support at 1.2900, or even break it to reach lower levels.
- Neutral scenario:** If the markets quickly digest the impact of the tariffs without any other significant developments, the pair could oscillate in a narrow range around the current level of 1.2950 to 1.3000.

To sum up, the GBP/USD pair's performance will depend heavily on developments linked to trade tariffs and future economic data. Traders should keep a close eye on economic and political news, which could influence market volatility in the days ahead.