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**.

**1. Current Trend:**

The GBP/USD pair showed strong upward momentum, breaking through the psychological threshold of 1.3000. This appreciation is mainly attributed to the UK's positive economic performance, with GDP beating expectations. The pair opened at 1.29665 and closed at 1.30850, indicating a significant advance over the course of the day, with an intraday high of 1.31449.

**2. impact of economic news:**

- UK GDP:** The publication of better-than-expected GDP strengthened sterling, boosting investor confidence in the British economy. This positive result contributed to GBP/USD rising above 1.3000.

- Dollar Index (DXY):** The DXY's breach of the psychological 100.00 threshold indicates continued weakness in the US dollar, mainly due to global economic uncertainties and trade tensions. This has boosted the GBP/USD pair.

- Trade tensions between the United States and China continue to weigh on market sentiment. China's response to the US tariffs has heightened economic worries, weakening the dollar as a traditional safe-haven asset and supporting the pound.

**3. Short-term forecasts:**

- Bullish scenario:** If UK economic data continues to be positive and pressure on the dollar holds, GBP/USD could test new highs above 1.3150. Stabilisation above this level could open the way to 1.3200.

- Bearish scenario:** However, any improvement in Sino-US trade relations or stronger-than-expected US economic data could strengthen the dollar, causing GBP/USD to pull back towards 1.3000 support. A break below this level could send the pair back towards the opening level of 1.29665.

**Conclusion:**

The GBP/USD pair is currently being influenced by major macroeconomic and geopolitical factors. Investors should keep a close eye on economic developments in the UK and the US, as well as developments in trade tensions. Cautious risk management is advisable, given the potential volatility of the market.