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:
**Comprehensive analysis of the GBP/USD Forex market**.

**Market context:**
The forex market has recently been marked by turbulence due to major economic decisions, including US tariffs and economic data such as the Non-Farm Payrolls (NFP) report. These factors have contributed to increased volatility in the forex market.

**Price analysis:**
- Opening:** 1.31012
- Higher:** 1.31135
- Lowest:** 1.28527
- Closing:** 1.28910

The GBP/USD pair had a volatile trading day, opening at 1.31012, reaching a high of 1.31135 before dropping to a low of 1.28527, to finally close at 1.28910. This variation indicates significant bearish pressure, potentially exacerbated by the economic news.

**Impact of Economic News:**
1. **Tariff Turbulence Unabated:** Trade tensions and US tariffs continue to weigh on market sentiment. This has probably increased pressure on sterling against the US dollar, despite growing doubts about the dollar's safe-haven status.

2. **Global FX Market Summary & NFP:** The NFP report, which is a key indicator of US economic health, may have shown mixed results, contributing to volatility. If the employment figures were lower than expected, this would have weakened the dollar, but the impact of tariffs may have offset this effect.

3. **Concerns about US economic policy and instability in the financial markets could reduce the dollar's appeal as a safe haven. This could theoretically strengthen the pound, but the effects of tariffs seem to have dominated.

**Current trends:**
The trend for GBP/USD looks bearish in the short term, due to the pressure of tariffs and the volatility induced by economic news. However, the gradual loss of the dollar's appeal could offer support to the pound if trade tensions ease.

**Short-term forecast:**
- Bearish scenario:** If trade tensions persist and US economic data continue to surprise on the upside, the pair could test new lows below 1.2850.

- Bullish scenario:** If tariff tensions ease and the dollar continues to lose its safe-haven appeal, the pound could recoup some of its losses and aim for a return to around 1.3000.

- Factors to watch:** Traders should keep a close eye on developments regarding US tariffs, future major economic publications on both sides of the Atlantic, and comments from central banks which could influence market expectations.

In conclusion, the GBP/USD pair is currently being influenced by a confluence of economic and political factors, and traders should remain alert to potential volatility in the sessions ahead.