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

**Date:** 2025-04-04

**Summary of the day's movements:**
- Opening:** 1.31012
- Higher:** 1.31135
- Lowest:** 1.28527
- Closing:** 1.28910

**Technical analysis:**
The GBP/USD pair had a volatile day, opening at 1.31012 and closing at 1.28910. The movement between the high of 1.31135 and the low of 1.28527 indicates significant downward pressure, suggesting that sellers dominated the market during the session.

**Fundamental analysis:**

1. **Current trend:**
The GBP/USD pair is showing a downward trend over this particular session. The increased volatility could be attributed to the current economic uncertainties, particularly those linked to trade tensions.

2. **Impact of economic news:**
- Tariff Turbulence Unabated:** Trade tensions and tariffs imposed by the US continue to disrupt markets. This is likely to have weighed on the GBP due to heightened global economic uncertainty.
- Global FX Market Summary:** Currency markets are affected by US economic data, particularly Nonfarm Payrolls. A surprise in this data could strengthen or weaken the dollar, directly influencing GBP/USD.
- Why the US Dollar Could Be Losing Its Safe-Haven Appeal:** If the US dollar loses its safe-haven appeal, this could ultimately support sterling. However, in the short term, uncertainty seems to have favoured the dollar over the pound.

**Short-term forecasts:**

- Bullish scenario:** If trade tensions ease or positive UK economic data is released, the pair could rebound towards resistance levels around 1.3100.

- Bearish scenario:** In the event of further tariff escalations or favourable US economic data, pressure on the GBP could intensify, pushing the pair towards new lows, potentially below 1.2850.

- Neutral scenario:** The pair could consolidate between 1.2900 and 1.3000 if markets wait for further clarification on US and UK economic policies.

**Conclusion:**
Investors should keep a close eye on political and economic developments, including trade talks and major economic data releases, which could influence the future direction of the GBP/USD pair. Trading strategies should incorporate rigorous risk management given the current volatility.