Forex data GBP/USD
Date : 2025-04-04
Opening : 1.31012
Higher up: 1.31135
Below: 1.28527
Closing : 1.28910

Economic news :
Tariff Turbulence Unabated
Global FX Market Summary: US Tariffs, Nonfarm Payrolls (NFP), Currency Market Volatility 4 April 2025
Why the US Dollar Could Be Losing Its Safe-Haven Appeal

Detailed analysis:
**Forex market analysis - GBP/USD** (in French)

**1. Current trend:**
The GBP/USD pair showed significant volatility over the course of the day, with a notable gap between the high (1.31135) and low (1.28527). The close at 1.28910, below the opening level of 1.31012, indicates bearish pressure on the pair. This could suggest that traders are reacting to the current economic uncertainties, particularly those linked to the news about US tariffs.

**2. impact of economic news:**
Recent economic news has had a significant impact on the currency market. The turbulence caused by the US tariffs continues to create uncertainty in the global market, directly affecting the US dollar and, by extension, GBP/USD. In addition, the NFP (Nonfarm Payrolls) report is a key event that could influence the market. If US employment figures disappoint, this could weaken the dollar and potentially offer support to sterling.

The article pointing out that the dollar is losing its safe-haven appeal could also influence capital flows. If investors start to seek other currencies as safe havens, this could lead to increased volatility and potentially support for sterling.

**3. Short-term forecasts:**
- Bullish scenario:** If British economic data prove solid and tensions over tariffs ease, the pound could regain support, pushing the pair towards the top of its current range. A break above the immediate resistance level of 1.31135 could pave the way for a move towards 1.32000.

- Bearish scenario:** If economic uncertainty persists and US data improves, strengthening the dollar, the pair could continue to move lower. A move below the recent low of 1.28527 could lead to further pressure, with potential targets around 1.28000.

**Conclusion:** Traders should keep a close eye on economic developments, particularly those related to tariffs and NFP data, to assess their potential impact on GBP/USD. Volatility is expected to remain high, and staying alert to global economic news and technical indicators is essential to navigating this dynamic market.