Forex data GBP/USD
Date : 2025-05-23
Opening : 1.34188
Higher up: 1.35333
Below: 1.34170
Closing : 1.35170

Economic news :
Market Mood Remains Cautious
Market Mood Remains Cautious
GBP/USD Resumes Rally as UK Retail Sales Jump

Detailed analysis:
### Complete Forex Market Analysis - GBP/USD

#### Date: 2025-05-23

#### Market Data
- Open:** 1.34188
- Higher:** 1.35333
- Lowest:** 1.34170
- Close:** 1.35170

#### Major Economic News
1. **Market Mood Remains Cautious**: The market mood remains cautious, which may indicate limited volatility or a trend towards consolidation.
2. **GBP/USD Resumes Rally as UK Retail Sales Jump** : The resumption of the GBP/USD rally is being fuelled by a significant increase in UK retail sales, which is strengthening sterling.

#### Analysis Details

- Current trends:**
The GBP/USD pair is showing signs of recovery, supported by positive economic fundamentals on the UK side, notably the increase in retail sales. The close at 1.35170, close to the day's high, suggests continued upward pressure.

- Impact of Economic News:**
News indicating an increase in UK retail sales had a positive impact on sterling. This helped boost investor confidence, prompting GBP buying and a rise in the GBP/USD exchange rate. However, the cautious mood in the global market could limit gains if other economic or political factors create uncertainty.

- Short-term forecast:**
- Bullish scenario:** If UK economic data continues to be positive and the cautious mood eases, the pair could test new highs above 1.35333. A breach of this resistance could open the way to 1.3600.
- Bearish scenario:** In the event of further economic or political uncertainty, or if US economic data exceeds expectations, the pair could fall back towards immediate support at 1.34170. A move below this level could signal a deeper correction.
- Neutral scenario:** General caution could lead to consolidation between 1.34170 and 1.35333 if investors wait for more economic or political clarity before taking significant positions.

#### Conclusion
The GBP/USD pair is currently being positively influenced by UK fundamentals, but remains under the influence of a generally cautious market mood. Traders should monitor economic and political developments on both sides of the Atlantic to anticipate future movements.