Forex data GBP/USD
Date : 2025-05-30
Opening : 1.34876
Higher up: 1.35106
Below: 1.34476
Closing : 1.34510

Economic news :
Trade Jitters Keep Markets Volatile
FX option expiries for 30 May 10am New York cut
GBP/USD Faces Continued Downward Pressure as Inflation Lingers

Detailed analysis:
For a full analysis of the GBP/USD forex market for 30 May 2025, here is a detailed analysis based on the data and news provided :

### Daily Data Analysis

- Open:** 1.34876
- Higher:** 1.35106
- Lowest:** 1.34476
- fence:** 1.34510

The GBP/USD pair showed moderate volatility during the day, moving in a range of around 63 pips. The close lower than the open indicates bearish pressure on the pair.

### Current trend

The current trend appears to be bearish for the GBP/USD pair. Prices closed below the opening level, and the day's low is close to the closing level, indicating persistent selling pressure. This trend is consistent with economic news suggesting continued downward pressure from persistent inflation.

### Impact of Economic News

1. **Trade Jitters Keep Markets Volatile:** Concerns about global trade continue to keep markets under pressure, contributing to currency volatility. General economic uncertainty may increase investor caution, putting pressure on currencies such as sterling.

2. **Forex Option Expiries:** Forex option expiries can influence short-term price movements, especially when they coincide with key price levels. This may have added to the volatility observed during the day.

3. **Persistent inflation:** Inflation continues to weigh on sterling. High inflation can reduce purchasing power and increase pressure for interest rate rises, but if expectations of rate rises are not met, this can damage the currency.

### Short-Term Forecasts

- Bearish scenario:** If selling pressure persists, the pair could retest support around 1.34400. A break below this level could pave the way for lower levels, perhaps towards 1.34000.

- Bullish scenario:** If the market finds solid support near current levels, we could see a technical rebound towards 1.35000. However, for an uptrend to be confirmed, a close above this level would be required, as well as positive economic news or a reduction in uncertainty.

### Conclusion

The GBP/USD pair is currently under bearish pressure, influenced by economic factors and trade uncertainties. Traders should monitor economic developments and key technical levels for clues as to the pair's future direction. Prudent risk management is recommended in a context of increased volatility.