Forex data GBP/USD
Date : 2025-05-16
Opening : 1.32998
Higher up: 1.33325
Below: 1.32500
Closing : 1.32770

Economic news :
Waning Recession Fears Boost Market Sentiment
GBP/USD Outlook: Soft US Data Weighs on Dollar
GBP/USD Edges Higher After Strong UK Growth, Tepid US Retail Sales

Detailed analysis:
**Full analysis of the GBP/USD Forex market**.

**Current trend:**
The GBP/USD pair fell slightly on the day, opening at 1.32998 and closing at 1.32770. The intraday movement shows moderate volatility, with a high of 1.33325 and a low of 1.32500. The overall trend appears to be slightly bearish on the day, although the pair has shown some resilience.

**Impact of economic news:**
1. **Waning Recession Fears Boost Market Sentiment:** Easing recession fears have boosted market sentiment, which may have supported sterling on the back of a more optimistic UK economic outlook. This may explain why the pair reached an intraday high despite closing lower.

2. **GBP/USD Outlook: Soft US Data Weighs on Dollar:** Weaker US economic data puts pressure on the dollar, potentially helping to support sterling. Weak US data, such as disappointing retail sales, could limit the dollar's upside potential, offering relative support to the pound.

3. **GBP/USD Edges Higher After Strong UK Growth, Tepid US Retail Sales:** Robust economic growth in the UK combined with modest US retail sales is likely to have given sterling a boost. This reinforces the appeal of the pound against a backdrop of divergent economic data between the two countries.

**Short-term forecasts:**
- Bullish scenario:** If US economic data continues to disappoint and the UK economic outlook remains positive, GBP/USD could retest resistance around 1.33325. A break above this level could open the way to 1.33700.

- Bearish scenario:** On the other hand, if positive economic data emerges from the US or if economic uncertainties arise in the UK, the pair could continue to fall towards support at 1.32500. A break below this level could push the pair towards 1.32000.

- Factors to watch:** Investors should keep an eye on upcoming economic data releases from both countries, particularly employment figures and monetary policy decisions, which could influence the direction of the GBP/USD pair. Comments from central bankers, as well as geopolitical developments, could also play a crucial role in the pair's short-term dynamics.