Forex data GBP/USD
Date : 2025-04-11
Opening : 1.29665
Higher up: 1.29906
Below: 1.29641
Closing : 1.29780

Economic news :
Markets Cautious Despite Cooling Inflation
US President Donald Trump Makes A Tariff U-Turn
GBP/USD, DAX React to Trump's Tariff U-Turn: Two Trades to Watch

Detailed analysis:
**Full analysis of the GBP/USD Forex market**.

**1. Current trend:**

The GBP/USD pair rose slightly during the session, opening at 1.29665 and closing at 1.29780. The relatively narrow price range between the low (1.29641) and high (1.29906) indicates some indecision in the market. This consolidation could suggest that traders are waiting for clearer news or economic signals before taking more significant positions.

**2. impact of economic news:**

- Lower inflation:** News that inflation is cooling may have a positive impact on sterling, as it could reduce the pressure on the Bank of England to raise interest rates. Lower inflation may also support domestic consumption, boosting the UK economy.

- Donald Trump's tariff reversal:** The US President's change of stance on tariffs could generate a positive reaction on the markets, in particular by reducing the trade tensions that had weighed on the US dollar. This reversal could strengthen the dollar in the short term, but its sustainability will depend on the details and implementation of this new trade policy.

- GBP/USD and DAX reactions:** European equity markets, such as the DAX, as well as the GBP/USD, often react to changes in US trade policy. A reduction in trade tensions could support risky assets and potentially strengthen sterling if investors seek to diversify their portfolios.

**3. Short-term forecasts:**

- Bullish scenario:** If the market interprets the economic news as favourable to global growth and the easing of trade tensions, GBP/USD could break through the immediate resistance around 1.2990 and target higher levels, potentially above 1.3000.

- Bearish scenario:** On the other hand, if the markets remain cautious due to persistent uncertainty or doubts about the real impact of the tariff reversal, the pair could test support at 1.2960. A break below this level could lead to further pressure towards 1.2940.

- Factors to watch:** Traders should keep an eye on upcoming economic announcements, particularly those concerning inflation and monetary policy on both sides of the Atlantic. Speeches by central bankers could also influence GBP/USD movements.

To sum up, GBP/USD is currently in a holding pattern with a slight uptrend. Short-term political and economic developments will be crucial in determining the market's future direction.