Forex data GBP/USD
Date : 2025-04-09
Opening : 1.28000
Higher up: 1.29000
Below: 1.27484
Closing : 1.28000

Economic news :
Markets Spooked By Intensifying Trade War
Global FX Market Summary: Escalating Trade Conflict, Weakening US Dollar, Gold 9 April 2025
ForexLive APac FX news wrap: Trump 104% China tariff looms; AUD & NZD hit multi-year lows

Detailed analysis:
### Complete Forex Market Analysis - GBP/USD

#### 1. **Market context:**

GBP/USD opened and closed at 1.28000, with a high of 1.29000 and a low of 1.27484. This stability around the opening and closing levels suggests a trading day with little clear direction, despite moderate intraday volatility.

#### 2. **Current trend:**

The GBP/USD pair appears to be in a consolidation phase, hovering around the 1.28000 level. Traders may want to wait for clearer signals before committing to larger positions, given the global economic uncertainties.

#### 3. **Impact of Economic News:**

- The escalating trade war between the US and China, with Trump threatening a 104% tariff on Chinese goods, is having a significant impact on global financial markets. This situation is tending to weaken the US dollar as investors seek to avoid risky assets.

- In general, a weaker dollar could support GBP in the GBP/USD pair, but this also depends on the relative strength of sterling. In this case, the stability of the pair suggests that the pound could also be under pressure due to specific macroeconomic factors in the UK.

- Impact on APac Currencies:** The fall in the Australian dollar (AUD) and the New Zealand dollar (NZD) to historically low levels indicates increased risk aversion among investors, which could indirectly affect sterling due to the correlation between these economies.

#### 4. **Short-term forecast:**

- Bullish scenario:** If the dollar continues to weaken further due to trade tensions, GBP/USD could retest the 1.29000 resistance level. A break above this level could pave the way for a more sustained uptrend.

- Bearish scenario:** If trade tensions ease or negative UK economic data emerges, the pair could move down towards 1.27484 support. A move below this level could signal increased selling pressure.

- Consolidation Scenario:** Given the lack of clear direction, the pair could continue to oscillate between 1.27484 and 1.29000, pending more decisive economic catalysts.

#### 5. **Conclusion:**

Traders should keep a close eye on developments relating to the US-China trade dispute, as well as key UK economic indicators, to better anticipate future GBP/USD movements. The current uncertainty calls for a cautious approach, with particular attention paid to key technical levels and major economic announcements.