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:
**Comprehensive analysis of the GBP/USD Forex market**.

**Date:** 2025-04-11

### Data for the day :
- Open:** 1.29665
- Higher:** 1.31449
- Lowest:** 1.29641
- Closing:** 1.30850

### Major Economic News :
1. **GBP/USD Peaks Above 1.3000 On U.K. GDP Beat:**
- UK GDP exceeded expectations, boosting sterling. This helped push the GBP/USD pair above 1.3000, indicating increased confidence in the British economy.

2. **DXY Breaks Psychological 100.00 Barrier:**
- The dollar index (DXY) broke through an important psychological threshold of 100.00, reflecting widespread weakness in the US dollar. This is likely to have supported sterling's strength against the dollar.

3. **Trade Jitters Dominate Market Mood:**
- Trade concerns, particularly tensions between China and the United States, continue to weigh on the market, creating volatility and influencing overall sentiment.

4. **ForexLive European FX news wrap: Dollar woes continue, China hits back on tariffs:**
- China's response to the US tariffs has exacerbated the dollar's difficulties, contributing to downward pressure on the DXY.

### Detailed Analysis :

**Current trends:**
- The GBP/USD pair is showing a short-term uptrend, supported by positive economic data from the UK and weakness in the US dollar. A breach of the 1.3000 level is a sign of strength, although volatility remains due to global trade uncertainties.

**Impact of Economic News:**
- The improvement in UK GDP boosted confidence in the pound, while continued weakness in the US dollar, exacerbated by trade tensions, supported the rise in GBP/USD.
- Trade tensions are increasing market volatility, which could lead to unpredictable movements in the sessions ahead.

**Short-term forecast:**
- Bullish scenario:** If UK economic data continues to surprise on the upside and the dollar remains under pressure, GBP/USD could retest the upper levels, with potential upside towards 1.3200.
- Bearish scenario:** A resolution of trade tensions or a strengthening dollar could reverse the current trend, pushing the pair back towards support around 1.3000.
- Neutral scenario:** In the absence of any significant new developments, the pair could consolidate around current levels, with a range of 1.3000 to 1.3150, pending further economic or geopolitical indications.

In conclusion, the GBP/USD pair is currently being influenced by a combination of economic and geopolitical factors. Investors should keep a close eye on economic developments and trade news to anticipate the pair's future movements.