Forex data GBP/USD
Date : 2025-04-03
Opening : 1.30439
Higher up: 1.32139
Below: 1.30000
Closing : 1.30967

Economic news :
Markets Sink As Trump Unveils Higher-than-expected Tariffs
Dollar slumps further across the board as tariff angst weighs
GBP/USD Extends Gains, Outperforms Peers as UK Avoids Major Tariff Risks

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

#### Market context

The price of the GBP/USD pair showed notable volatility during the session of 3 April 2025. Here are the key figures for the day:

- Opening:** 1.30439
- Higher:** 1.32139
- Lowest:** 1.30000
- Closing:** 1.30967

#### Current trends

The GBP/USD pair enjoyed a bullish session, rising from its opening level to the close, with a significant peak at 1.32139 before falling back slightly. This uptrend is partly attributable to the weakness of the US dollar, caused by recent economic news.

#### Impact of business news

Recent announcements have had a considerable impact on the market:

1. **US tariffs:** The Trump administration's announcement of higher-than-expected tariffs has generated economic uncertainty, prompting investors to turn away from the US dollar, which is seen as risky in this context.

2. **Weakening of the dollar:** As a result, the dollar fell on all markets, allowing sterling to gain ground against the US currency.

3. **The fact that the United Kingdom has avoided major tariff risks has boosted investor confidence in sterling, contributing to the positive performance of the GBP/USD pair.

#### Short-term forecasts

There are several possible scenarios for future sessions:

- Bullish scenario:** If negative sentiment around the dollar persists due to trade tensions and the UK continues to avoid significant tariff impacts, the pair could continue to strengthen. A sustained break above the 1.32139 resistance level could pave the way for further gains.

- Bearish scenario:** However, if positive news emerges regarding tariff negotiations or favourable US economic data, this could strengthen the dollar and reverse the current trend. In that case, support at 1.30000 could be tested again.

- Neutral scenario:** In the absence of any significant economic news, the pair could enter a consolidation phase around current levels, with reduced volatility until new catalysts emerge.

To sum up, the GBP/USD pair is currently being influenced by external factors linked to US trade policies, and much will depend on future developments in this area. Traders will need to keep a close eye on economic news and political statements to anticipate the pair's future movements.