Forex data GBP/USD
Date : 2025-04-10
Opening : 1.28170
Higher up: 1.28340
Below: 1.28099
Closing : 1.28260

Economic news :
These Funds and ETFs Have Taken The Hits From Trump...
Markets Spooked By Intensifying Trade War
Global FX Market Summary: Escalating Trade Conflict, Weakening US Dollar, Gold 9 April 2025

Detailed analysis:
To analyse the Forex market for the GBP/USD pair on 10 April 2025, we need to consider a number of elements, including price movements, current trends and the impact of recent economic news. Here is a detailed analysis:

### Technical Analysis

1. **Price movements:**
- Open:** 1.28170
- Highest:** 1.28340
- Lowest:** 1.28099
- fence:** 1.28260
- The GBP/USD pair showed slight volatility over the course of the day, with a range of just 34 pips. The price closed slightly above the opening level, indicating a slight uptrend during the session.

2. **Current trend:**
- Today's trend appears to be neutral to slightly bullish. However, the narrow range and close close to the opening level suggest uncertainty among traders.

### Fundamental Analysis

1. **Impact of Economic News:**
- News of rising trade tensions and a weakening US dollar are having a significant impact on the currency markets. An intensification of the trade war could lead to increased volatility and risk aversion, which could influence flows into safe-haven assets such as gold.
- The weakening of the US dollar, as mentioned in the global currency market summaries, may have contributed to the slight rise in the GBP/USD pair, as a weaker dollar tends to strengthen other currencies against it.

### Short-Term Forecasts

1. **Possible scenarios:**
- Bullish scenario:** If trade tensions continue to weigh on the US dollar, GBP/USD could continue to strengthen. Traders could target key resistance levels around 1.2850.
- Bearish scenario:** If measures or announcements are taken to ease trade tensions, or if economic data favourable to the US dollar is published, this could reverse the trend and push the pair to test support levels around 1.2800.
- Neutral scenario:** In the absence of any significant news, the pair could continue to trade in a narrow range, reflecting the current uncertainty on the markets.

### Conclusion

The GBP/USD pair appears to be influenced by external factors, notably trade tensions and movements in the US dollar. Traders should keep a close eye on developments in these areas, as well as key economic data from both sides of the Atlantic that could influence the pair's future movements. Technical levels to watch include 1.2850 for resistance and 1.2800 for support.