Forex data GBP/USD
Date : 2025-04-03
Opening : 1.30439
Higher up: 1.32139
Below: 1.30000
Closing : 1.31773

Economic news :
Dollar slumps further across the board as tariff angst weighs
GBP/USD Extends Gains, Outperforms Peers as UK Avoids Major Tariff Risks
No love for the dollar as traders continue to digest Trump's tariffs

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

#### Market data
- Opening:** 1.30439
- Higher:** 1.32139
- Lowest:** 1.30000
- Closing:** 1.31773

#### Major Economic News
Recent economic news points to a weaker US dollar, mainly due to fears about tariffs imposed by the Trump administration. On the other hand, the UK seems to be avoiding major tariff risks, which is supporting sterling.

#### Detailed Analysis

##### Current Trend
The GBP/USD pair has shown a bullish trend over the course of the current session, rising from an open of 1.30439 to a higher close of 1.31773. The market saw notable volatility, with a low of 1.30000 and a high of 1.32139. This uptrend is largely attributable to negative sentiment surrounding the US dollar, reinforced by trade concerns.

##### Impact of Economic News
International trade tensions, exacerbated by US tariffs, have led to weakness in the US dollar. Investors are worried about the potential economic repercussions of protectionist trade policies, which has led to a massive sell-off in the dollar. At the same time, sterling has benefited from renewed confidence as the UK appears to be avoiding major tariff risks, which has strengthened the GBP/USD pair.

##### Short-Term Forecasts
- Bullish scenario:** If trade tensions persist and the dollar continues to weaken, GBP/USD could retest resistance levels around 1.32139. A break above this level could pave the way for further gains towards 1.33000. A break above this level could pave the way for further gains towards 1.33000.

- Bearish scenario:** If trade tensions ease or if positive economic data for the United States is published, the dollar could regain ground, pushing the pair to revisit support levels around 1.31000 or even 1.30000.

- Factors to Watch:** Traders should keep a close eye on developments in US trade policy, as well as key US and UK economic indicators, which could influence the pair's future direction.

In conclusion, the GBP/USD pair is currently being influenced by global economic factors, mainly linked to trade tensions. Investors must remain vigilant to any economic or political news that could alter market sentiment.