Forex data GBP/USD
Date : 2025-05-23
Opening : 1.34188
Higher up: 1.34615
Below: 1.34170
Closing : 1.34450

Economic news :
FX option expiries for 23 May 10am New York cut
Mixed Sentiment In World MarketS
GBP/USD Climbs on Weak Dollar and Persistent UK Price Pressure

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

**1. Current trend:**

The GBP/USD pair showed a slight uptrend during the session of 23 May 2025. It opened at 1.34188 and closed higher at 1.34450, indicating a strengthening of sterling against the US dollar. The day's high of 1.34615 and low of 1.34170 show moderate volatility, typical of intraday fluctuations.

**2. impact of economic news:**

- FX Option Expiries:** Currency option expiries can influence price movements, especially when they are close to current price levels. This may have contributed to the observed volatility.

- Mixed sentiment in global markets:** Mixed sentiment in markets can create uncertain and erratic movements. This may have limited strong directional moves in GBP/USD.

- The rise in the GBP/USD pair is mainly attributed to a weaker US dollar, combined with persistent inflationary pressure in the UK, which could prompt the Bank of England to maintain a restrictive monetary policy.

**3. Short-term forecasts:**

- Bullish scenario:** If dollar weakness persists and inflationary pressures in the UK continue, GBP/USD could retest resistance levels around 1.34615, or even break through them.

- Bearish scenario:** In the event of renewed dollar strength, possibly due to positive US economic data or a change in market sentiment, the pair could return to support at 1.34170.

- Neutral scenario:** If economic conditions and market sentiment remain unchanged, the pair could continue to move sideways, with movements between identified support and resistance levels.

In conclusion, the GBP/USD pair is influenced by the dynamics of the major currencies, domestic economic conditions and global market perceptions. Traders should keep a close eye on future economic releases and central bank announcements to adjust their positions.