Forex data GBP/USD
Date : 2025-05-28
Opening : 1.35094
Higher up: 1.35220
Below: 1.34607
Closing : 1.34770

Economic news :
DAX Rises but Fragile Sentiment Looms Over Trump's Unpredictable Trade Moves
GBP/USD in a Strong Position: Sterling Rallies on Trade News and Robust Data
Gold Holds Near Two-Week High Amid EU-U.S. Trade Uncertainty

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

#### Current Trend :
The GBP/USD pair showed moderate volatility during the session of 28 May 2025. Although the GBP opened at 1.35094 and reached a high of 1.35220, it closed lower at 1.34770. This lower close indicates short-term bearish pressure despite an optimistic opening. The current trend seems to be influenced by global uncertainties, but the GBP has shown relative resilience on the back of favourable economic news.

#### Impact of Economic News :
1. **DAX and Market Sentiment:** The DAX's rise, while positive, is tempered by concerns over former President Trump's unpredictable trade policies. This global uncertainty may have a knock-on effect, creating a cautious mood which indirectly affects GBP/USD, due to the correlation between risk assets and market sentiment.

2. **Sterling rally:** Positive trade news and robust economic data in the UK have supported sterling. Strong economic indicators such as improving employment figures or tame inflation can boost confidence in the British currency, helping to limit losses against the dollar.

3. **Gold and EU-US Trade Uncertainty:** Gold holding near two-week highs reflects persistent risk aversion. Trade uncertainties between the EU and the US may create safe-haven flows, impacting the volatility of currency pairs, including GBP/USD.

#### Short Term Forecast :
- Bullish scenario:** If UK economic data continues to beat expectations and trade tensions ease, the pound could strengthen, pushing GBP/USD above immediate resistance at 1.35220.

- Bearish scenario:** On the other hand, an escalation in trade tensions or disappointing UK economic data could see the pair test new lows, potentially below 1.34607.

- Neutral scenario:** In the absence of significant catalysts, GBP/USD could oscillate in a narrow range around 1.34770, with traders awaiting more clarity on economic and political developments.

In conclusion, although sterling has shown some strength, global uncertainties continue to weigh on the GBP/USD. Traders should remain vigilant for economic and political news that could influence the pair's future movements.