Forex data GBP/USD
Date : 2025-04-11
Opening : 1.29665
Higher up: 1.31449
Below: 1.29641
Closing : 1.30730

Economic news :
Trade Jitters Dominate Market Mood
Trade Jitters Dominate Market Mood
ForexLive European FX news wrap: Dollar woes continue, China hits back on tariffs

Detailed analysis:
For a complete analysis of the GBP/USD forex market on 11 April 2025, we need to look at a number of aspects, including price movements, economic news and short-term forecasts.

### Technical Analysis

1. **Price movement:**
- Open:** 1.29665
- Higher:** 1.31449
- Lowest:** 1.29641
- Closing:** 1.30730

The GBP/USD pair showed significant volatility over the course of the day, with a notable difference between the lows and highs. Opening at 1.29665 and closing at 1.30730 indicate an intraday uptrend, suggesting that sterling has gained in value against the US dollar.

2. **Current trend:**
- The close above the opening level and the formation of a significant high at 1.31449 indicate upward pressure on the pair, probably due to economic or geopolitical factors favourable to sterling or unfavourable to the US dollar.

### Fundamental Analysis

1. **Impact of Economic News:**
- The headlines "Trade Jitters Dominate Market Mood" and "Dollar woes continue, China hits back on tariffs" suggest that trade concerns and geopolitical tensions are influencing the market. Concerns about tariffs and trade tensions could weaken the US dollar, which would benefit sterling.
- The recurrence of trade jitters indicates continued uncertainty in the market, which could lead to increased volatility.

### Short-Term Forecasts

1. **Possible scenarios:**
- Bullish scenario:** If trade tensions persist and the dollar continues to weaken, we could see the GBP/USD pair retest the higher levels around 1.31449, or even exceed them.
- Bearish scenario:** If there is positive news on trade talks or solid economic data from the US, the dollar could strengthen, pushing the pair back down towards the opening levels, or even below 1.29665.
- Consolidation scenario:** In the absence of any significant news, the pair could stabilise around its current closing level, with limited movements between 1.3000 and 1.3100.

### Conclusion

The GBP/USD pair showed an intraday uptrend, supported by economic news unfavourable to the dollar. Short-term forecasts will depend heavily on developments in trade tensions and economic publications on both sides of the Atlantic. Traders should keep a close eye on developments in these areas in order to adjust their strategies accordingly.