Forex data GBP/USD
Date : 2025-04-15
Opening : 1.31823
Higher up: 1.32385
Below: 1.31637
Closing : 1.32230
Economic news :
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GBP/USD is unstoppable, printing 6-month high
Dollar Tumbles Amidst Uncertain U.S. Trade Policy, Easing Inflation
Detailed analysis:
**Full analysis of the GBP/USD Forex market**.
**1. Current trend:**
The GBP/USD pair is showing a bullish trend, as evidenced by the fact that it has reached a 6-month high. Opening at 1.31823 and closing at 1.32230, the pair showed a positive progression over the course of the day, reinforced by a high reached at 1.32385. This upward momentum can be attributed to a number of factors, including the weakness of the US dollar and increased confidence in sterling.
**2. impact of economic news:**
Recent economic news has had a significant impact on the GBP/USD pair:
- Dollar Tumbles Amidst Uncertain U.S. Trade Policy, Easing Inflation:** Weakness in the U.S. dollar is the result of uncertainties surrounding U.S. trade policy and signs of more moderate inflation. Uncertain trade policy can undermine investor confidence in the dollar, thereby strengthening other major currencies, including sterling.
- GBP/USD is unstoppable, printing 6-month high:** This news underlines the current strength of sterling, supported by potentially positive economic factors in the UK. Investors seem optimistic about the UK's economic prospects, which is fuelling demand for the pound.
- Forex Trading Crash Courses (For Beginners):** Although this news is not directly related to the economy, it does indicate a growing interest in currency trading, which could increase volatility and trading volume in the Forex market, including the GBP/USD pair.
**3. Short-term forecasts:**
In the coming sessions, there are several possible scenarios for the GBP/USD pair:
- Bullish scenario:** If the uncertainties surrounding US trade policy persist and sterling continues to benefit from a favourable economic outlook, the pair could continue its uptrend. A sustained break above the 1.32385 resistance level could pave the way for a move towards 1.3300.
- Consolidation scenario:** After hitting a 6-month high, the pair could enter a consolidation phase, fluctuating in a narrow range between 1.3180 and 1.3240, while awaiting new economic catalysts.
- Bearish scenario:** If negative economic data emerges from the UK or if uncertainty over the US dollar dissipates, a correction could occur. In this case, the pair could test support at 1.3160.
In conclusion, the GBP/USD pair is currently being influenced by dollar weakness and relative sterling strength. Investors should keep a close eye on economic developments in the United States and the United Kingdom, as well as key technical levels, in order to adjust their trading strategies.
