Forex data GBP/USD
Date : 2025-04-10
Opening : 1.28170
Higher up: 1.28814
Below: 1.28091
Closing : 1.28690

Economic news :
These Funds Have Taken The Biggest Hit From Tariffs
Markets Spooked By Intensifying Trade War
Global FX Market Summary: Escalating Trade Conflict, Weakening US Dollar, Gold 9 April 2025

Detailed analysis:
Forex market analysis for the GBP/USD pair for 10 April 2025 shows a day in which sterling gained ground against the US dollar. Here is a detailed analysis taking into account the data provided and the major economic news:

### Technical Analysis :

1. **Current trend:**
- The GBP/USD pair opened at 1.28170 and closed at 1.28690, indicating an appreciation in sterling against the US dollar on the day.
- The high at 1.28814 and the low at 1.28091 show moderate volatility, but the intraday trend is upwards.

2. **Technical levels:**
- Resistance:** The 1.28814 level could serve as immediate resistance. A break above this level could indicate a continuation of the uptrend.
- Support:** The 1.28091 level will serve as key support. A break below it could signal a potential reversal.

### Impact of Economic News :

1. **Commercial dispute:**
- Headlines such as "Markets Spooked By Intensifying Trade War" and "Escalating Trade Conflict" suggest rising trade tensions, which tend to weaken the US dollar due to the economic uncertainty this creates.
- This could partly explain sterling's appreciation, as investors seek to diversify their portfolios away from the dollar.

2. **Weak Dollar:**
- The mention of a "Weakening US Dollar" in the global FX market summary indicates further pressure on the dollar, favouring alternative currencies such as sterling.

### Short Term Forecast :

1. **Possible scenarios:**
- If trade tensions persist and continue to weigh on the dollar, GBP/USD could continue to rise, testing new resistance levels above 1.28814.
- However, if there is positive news to ease the tensions in the trade dispute, or if solid economic data on the US economy is released, this could strengthen the dollar and reverse the current trend.

2. **Factors to watch:**
- Upcoming economic announcements, particularly those relating to international trade and monetary policy in the United States and the United Kingdom.
- Statements by political leaders on the trade dispute, which could have an immediate impact on the pair's volatility.

In conclusion, the GBP/USD pair currently appears to be benefiting from external factors weakening the dollar. However, as always in the forex market, conditions can change rapidly, and it is crucial to keep abreast of economic and political developments.