Forex data GBP/USD
Date : 2025-04-09
Opening : 1.27898
Higher up: 1.28639
Below: 1.27742
Closing : 1.28101

Economic news :
ForexLive APac FX news wrap: Trump 104% China tariff looms; AUD & NZD hit multi-year lows
Markets Rebound After Massive Mayhem
Dollar stays on the backfoot in European morning trade

Detailed analysis:
To carry out a complete analysis of the Forex market for the GBP/USD pair on the given date, let's look at the various elements provided and how they may influence this currency pair.

### Technical Analysis

1. **Price movements** :
- Open:** 1.27898
- Higher:** 1.28639
- Lower:** 1.27742
- Closing:** 1.28101

The GBP/USD pair rose slightly from its opening, closing above the opening but below the day's high. This could indicate some intraday volatility with moderate buying pressure.

2. **Current Trend** :
- The close above the opening but below the high suggests a slightly upward trend for the day. However, without other technical indicators such as moving averages or Bollinger bands, it is difficult to confirm a clear long-term trend.

### Fundamental Analysis

1. **Impact of Economic News** :
- Trump 104% China Tariff Looms**: Trump's announcement of high tariffs on China could create uncertainty on global markets, increasing demand for safe havens such as the US dollar. However, uncertainty could also weaken the dollar if investors perceive this as a threat to the US economy.
- AUD & NZD Hit Multi-Year Lows** : Weakness in the Australian and New Zealand currencies could indirectly influence GBP/USD, creating capital flows towards currencies perceived as more stable.
- Dollar Stays on the Backfoot**: If the dollar remains under pressure, this could support sterling, contributing to a slight rise in the GBP/USD pair.

2. **Market reaction** :
- The markets are bouncing back after a period of volatility, which could indicate a recovery in investor confidence. This could support sterling if confidence spreads to the eurozone and the UK.

### Short-Term Forecasts

1. **Possible Scenarios** :
- Bullish**: If the US dollar continues to show weakness and confidence in the UK market remains stable, GBP/USD could continue to move towards the resistance level around 1.28639.
- Bearish**: If trade tensions rise and demand for the dollar as a safe haven increases, GBP/USD could fall back towards support around 1.27742.

2. **Factors to Monitor** :
- Developments in trade tensions between the United States and China.
- UK economic indicators, such as employment and inflation data.
- Monetary policy developments at the US Federal Reserve and the UK Bank of England.

### Conclusion

The GBP/USD pair appears to be heading slightly higher in the short term, but this will depend heavily on developments in international trade tensions and the relative economic performance of the two countries. Traders should remain cautious and monitor economic news to adjust their positions accordingly.