Forex data GBP/USD
Date : 2025-04-11
Opening : 1.29665
Higher up: 1.31449
Below: 1.29641
Closing : 1.30850

Economic news :
GBP/USD Peaks Above 1.3000 On U.K. GDP Beat, DXY Breaks Psychological 100.00 Barrier
Trade Jitters Dominate Market Mood
ForexLive European FX news wrap: Dollar woes continue, China hits back on tariffs

Detailed analysis:
### Complete Forex Market Analysis - GBP/USD

#### General Context
The Forex market for the GBP/USD pair experienced a volatile session on 11 April 2025, opening at 1.29665 and closing at 1.30850, showing a significant rise over the course of the day. The high reached was 1.31449, while the low was 1.29641.

#### Current Trend
The current trend for the GBP/USD appears to be upwards, supported by positive economic factors in the UK and widespread weakness in the US dollar. Reaching the psychological level of 1.3000 and staying above it indicates bullish sentiment among investors.

#### Impact of Economic News
1. **U.K. GDP Beat**: The release of better-than-expected UK GDP has boosted confidence in the UK economy, supporting sterling. Robust GDP is often seen as an indicator of economic stability, which can attract investors to the currency.

2. **DXY Breaks Psychological 100.00 Barrier**: The US Dollar Index (DXY) broke through the psychological 100.00 barrier, illustrating persistent dollar weakness. This situation is generally favourable to sterling in the GBP/USD pair, as a weaker dollar makes the pound more attractive.

3. **Trade Jitters and Tariff News**: Global trade tensions, particularly between the US and China, continue to dominate market sentiment. China's retaliation to US tariffs could increase volatility, but for the time being this seems to have weighed more on the dollar, indirectly benefiting the pound.

#### Short-Term Forecasts
- Bullish scenario**: If UK economic data continues to surprise positively and the dollar remains under pressure, GBP/USD could continue to rise, retesting resistance above 1.3100 and potentially targeting 1.3200.

- Bearish scenario**: However, a return to dollar strength, perhaps due to improved US economic data or a partial resolution of trade tensions, could put pressure on the pair, pushing it back towards support near 1.3000.

- Factors to watch**: Investors will need to keep a close eye on upcoming economic releases on both sides of the Atlantic, particularly data on employment and inflation, as well as any new developments in international trade relations.

In conclusion, the GBP/USD pair is currently benefiting from a favourable context thanks to a combination of positive economic factors for the UK and weakness in the US dollar. However, volatility remains high due to global uncertainties, requiring constant vigilance.