Forex data GBP/USD
Date : 2025-04-10
Opening : 1.28170
Higher up: 1.29568
Below: 1.28091
Closing : 1.29270

Economic news :
Man Group PLC : Form 8.3 - Serica Energy Plc
Dollar pushed lower as markets digest Trump's tariffs pause
GBP/USD Rallies Sharply on Weak US Dollar, but BoE Rate Outlook Adds Uncertainty

Detailed analysis:
For a complete analysis of the GBP/USD forex market, let's look at the various elements provided :

### Current trend :
The GBP/USD pair showed a bullish trend over the course of the day, opening at 1.28170 and closing at 1.29270. The fact that the close was close to the day's high (1.29568) suggests strong buying pressure, indicating positive sentiment towards sterling against the US dollar.

### Impact of economic news :
1. **Man Group PLC: Form 8.3 - Serica Energy Plc**: Although this information is more relevant to equity investors, it may indirectly affect overall market sentiment if it influences investor perceptions of UK companies.

2. **Dollar pushed lower by Trump's tariff pause**: The announcement of a pause in the implementation of tariffs by the Trump administration has weakened the US dollar. This has probably contributed to the rise in GBP/USD, as a weaker currency makes the pound more attractive by comparison.

3. **GBP/USD rally on dollar weakness, but uncertainty persists over BoE rates** : The current weakness of the dollar has helped the pound to appreciate, but uncertainty remains over the Bank of England's (BoE) monetary policy. If the BoE adopts a more accommodating stance than expected, this could limit the pound's future gains.

### Short-term forecasts :
- Bullish scenario**: If the dollar continues to weaken and UK economic data remains strong, GBP/USD could continue to rise. A break above recent resistance (1.29568) could open the way to higher levels.

- Bearish scenario**: If new economic news strengthens the dollar or if the BoE issues cautious signals regarding interest rate hikes, the pair could come under pressure. A return below the short-term support level around 1.28091 could signal a correction.

- Factors to watch**: Investors should keep an eye on upcoming US economic announcements, such as employment or inflation figures, as well as any communication from the BoE regarding its monetary policy.

To sum up, although the GBP/USD pair has shown some recent strength, its short-term direction will depend very much on monetary policy developments and economic data on both sides of the Atlantic.