Forex data GBP/USD
Date : 2025-04-09
Opening : 1.28000
Higher up: 1.29000
Below: 1.27743
Closing : 1.28031

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:
For a complete analysis of the GBP/USD forex market on 9 April 2025, we will look at the data provided and the potential impact of major economic news.

### Technical Analysis

1. **Data for the day:**
- Opening:** 1.28000
- Highest:** 1.29000
- Lowest:** 1.27743
- Closing:** 1.28031

The GBP/USD pair opened at 1.28000 and closed at 1.28031, indicating a day of low volatility with a slight uptrend, although the pair reached a high of 1.29000 and a low of 1.27743. Closing close to the opening price suggests some indecision in the market.

2. **Current trend:**
- The pair showed limited movement, oscillating close to its opening level. This stagnation could indicate consolidation after previous more significant moves. The lack of a clear direction could pave the way for a stronger move in subsequent sessions.

### Impact of Economic News

1. **Trump 104% China Tariff Looms :**
- The Trump administration's announcement of massive tariffs on China could create heightened trade tensions, negatively impacting the US dollar due to economic uncertainties. This may support sterling against the dollar if investors seek to reduce their exposure to dollar risk.

2. **Markets Rebound After Massive Mayhem :**
- A rebound in the markets suggests a return of confidence among investors after a period of volatility. This could have a positive impact on GBP/USD if the pound benefits from renewed confidence.

3. **Dollar Stays on the Backfoot in European Morning Trade:**
- Continued weakness in the dollar during morning trade in Europe could support the pound, offering further support to GBP/USD.

### Short-Term Forecasts

- Bullish scenario:** If the dollar's weakness persists and trade tensions continue to have a negative impact on the dollar, the pair could retest the 1.29000 level, or even surpass it if market conditions remain favourable to the pound.

- Bearish scenario:** In the event of a resurgence in dollar strength or if further economic data from the UK proves disappointing, the pair could fall back towards support near 1.27743, or even break it.

- Consolidation:** If uncertainty persists with no new clear direction from the market, the pair could continue to move sideways around 1.28000, waiting for more significant triggers.

### Conclusion

The GBP/USD pair appears to be in a consolidation phase with a slight bullish bias due to the weakness of the US dollar. Investors should keep an eye on economic and political developments, particularly trade tensions between the United States and China, which could influence the pair's future direction.