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:
To carry out 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 market trends.

### Technical Analysis

1. **Price movements:**
- Open:** 1.29665
- Higher:** 1.31449
- Lowest:** 1.29641
- Closing:** 1.30850

The GBP/USD pair opened at 1.29665 and closed at 1.30850, showing a notable appreciation over the course of the day. The low for the day was close to the opening level, while the high reached 1.31449, indicating high volatility and a dominant bullish movement.

2. **Current trend:**
- The pair showed a bullish trend on the day, breaking above the psychological threshold of 1.3000. This suggests increased buying pressure, probably fuelled by fundamental factors favourable to sterling.

### Fundamental Analysis

1. **Economic News:**
- UK GDP growth:** Exceeding UK GDP expectations strengthened sterling, helping the GBP/USD pair to appreciate.
- DXY (Dollar Index):** The DXY's breach of the 100.00 threshold indicates continued weakness in the US dollar, which has also supported the rise in the GBP/USD pair.
- Trade tensions:** Trade concerns, particularly China's retaliation over tariffs, have created risk aversion which could have a negative impact on the US dollar.

2. **News impact:**
- The combination of a stronger-than-expected UK economy and dollar weakness allowed the pound to appreciate, which was a key catalyst for the rise in the GBP/USD pair.

### Short-Term Forecasts

1. **Possible scenarios:**
- Bullish scenario:** If UK economic data continues to beat expectations and the US dollar remains under pressure due to trade tensions, GBP/USD could continue to rise, potentially testing resistance levels around 1.3200.
- Bearish scenario:** If market conditions change, for example with an easing of trade tensions or an improvement in US economic data, the dollar could strengthen, pushing the pair to test support around 1.3000.

2. **Factors to watch:**
- Future economic publications from the United Kingdom and the United States.
- Developments in global trade tensions.
- Monetary policy of central banks, in particular the Bank of England and the US Federal Reserve.

To sum up, the GBP/USD pair has benefited from a combination of favourable technical and fundamental factors, with an uptrend fuelled by positive economic data in the UK and weakness in the US dollar. Investors will need to keep a close eye on economic and geopolitical developments to assess the sustainability of this trend.