Forex data GBP/USD
Date : 2025-04-07
Opening : 1.29253
Higher up: 1.29338
Below: 1.28306
Closing : 1.28493

Economic news :
Monday morning open levels - indicative forex prices - 07 April 2025
Tariff Turbulence Unabated
Global FX Market Summary: US Tariffs, Nonfarm Payrolls (NFP), Currency Market Volatility 4 April 2025

Detailed analysis:
To carry out a complete analysis of the GBP/USD forex market on 7 April 2025, we need to consider a number of factors, including observed price movements, economic news and its potential impact on the pair, as well as short-term forecasts.

### Technical Analysis

**1. Price movements:**
- Open:** 1.29253
- Higher:** 1.29338
- Lower:** 1.28306
- Closing:** 1.28493

The GBP/USD opened at 1.29253 and closed at 1.28493, showing a decline for the day. The difference between the high (1.29338) and low (1.28306) indicates moderate volatility, with a range of 103 pips. This drop could indicate downward pressure on the market.

### Fundamental Analysis

**2. Economic news:**
The major news items mentioned include tariff-related turbulence and the US Nonfarm Payrolls data published on 4 April 2025. Here is the possible impact:

- Tariff Turbulence:** Trade tensions and tariffs can make the currency market more volatile. If the US imposes new tariffs, this could strengthen the US dollar, causing the GBP/USD pair to fall.

- Nonfarm Payrolls (NFP):** US employment figures are crucial for the dollar. Better-than-expected results generally strengthen the dollar, which could also contribute to the fall in the GBP/USD pair.

### Short-Term Forecasts

**3. Possible scenarios:**

- Bullish scenario:** If there is positive news on the resolution of trade tensions, or if favourable UK economic data is released, the pair could rebound above 1.2900.

- Bearish scenario:** If trade tensions intensify or if US economic data continues to beat expectations, the pair could test new lows, potentially below 1.2800.

- Neutral scenario:** If the news is mixed and the markets remain uncertain, the pair could consolidate around its current closing levels.

### Conclusion

The GBP/USD pair is currently under bearish pressure due to ongoing trade tensions and the potential strength of the US dollar following the NFP data. Investors should keep a close eye on economic and political developments that could influence the pair's future direction. Technical analysis suggests vigilance over key support and resistance levels, while fundamental analysis highlights the importance of upcoming economic news.