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

#### Context and Recent Performance
- Date:** 2025-04-11
- Open:** 1.29665
- Higher:** 1.31449
- Lowest:** 1.29641
- Closing:** 1.30850

The GBP/USD pair showed significant bullish momentum during the session, opening at 1.29665 and closing at 1.30850, after reaching an intraday high of 1.31449. This increase reflects a movement of over 100 pips, indicating high volatility and positive sentiment towards sterling.

#### Major Economic News
1. **UK GDP growth:** Sterling enjoyed a rise above 1.3000 following the publication of better-than-expected UK GDP figures. This positive economic performance has boosted investor confidence in the UK economy, stimulating demand for the pound.

2. **DXY and Psychological Barrier:** The US dollar index (DXY) broke through the psychological barrier of 100.00, illustrating the current difficulties facing the US dollar. Pressure on the dollar can be attributed to macroeconomic concerns in the US, including trade tensions and economic uncertainties.

3. **Trade tensions:** News of trade tensions between the US and China continues to dominate market sentiment. China's response to US tariffs has exacerbated concerns about a prolonged trade war, weakening the dollar and increasing the appeal of alternative currencies such as sterling.

#### Current Trend Analysis
The current trend in the GBP/USD pair is bullish, supported by fundamental factors favourable to the pound and persistent challenges for the US dollar. The breakout above the key 1.3000 level is significant and could signal a continuation of the uptrend, provided economic and geopolitical conditions remain favourable.

#### Impact of Economic News
Recent news has had a direct impact on the GBP/USD pair. Expectations for UK GDP growth were exceeded, strengthening the pound, while trade tensions and dollar weakness also contributed to the rise. The market's response to economic data and geopolitical news will continue to be a key factor in the pair's performance.

#### Short-Term Forecasts
- Bullish scenario:** If sterling continues to benefit from positive economic data and if trade tensions persist, the pair could test new highs above 1.3150 in the coming sessions.

- Bearish scenario:** A recovery in the US dollar, potentially spurred by policy measures or economic improvements in the US, could push the pair back towards the 1.3000 support level. In addition, any unexpected deterioration in UK economic indicators could also reverse the current trend.

In conclusion, the GBP/USD pair is in a dynamic phase influenced by economic and geopolitical factors. Traders should keep a close eye on economic developments in the UK and the US and any news on global trade relations to adjust their trading strategies.