Forex data GBP/USD
Date : 2025-06-04
Opening : 1.35128
Higher up: 1.35221
Below: 1.35118
Closing : 1.35220

Economic news :
Dollar Index Rebounds Amidst Legal Whiplash For Trade Tariffs
Mixed Sentiment In World Markets
Gold Price Surges on Trump Tariff Threat, Fed Rate Cut Speculation

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

**General context:**
The GBP/USD pair showed a slight rise during the session of 4 June 2025, opening at 1.35128 and closing at 1.35220. The price range was relatively narrow, with a high at 1.35221 and a low at 1.35118, indicating a session of low volatility.

**Major Economic News:**
1. **Dollar Index Rebounds Amidst Legal Whiplash For Trade Tariffs:**
The rebound in the dollar index suggests upward pressure on the US dollar, which could limit the GBP/USD pair's advance. Uncertainty surrounding trade tariffs is creating volatility on the currency market, potentially affecting demand for the dollar as a safe haven.

2. **Mixed Sentiment In World Markets:**
Mixed sentiment on world markets reflects global economic uncertainties. This could influence investors to remain cautious, limiting significant movements in GBP/USD.

3. **Gold Price Surges on Trump Tariff Threat, Fed Rate Cut Speculation:**
The rise in the price of gold, often seen as a safe haven in times of uncertainty, indicates nervousness on the markets. Speculation that the Fed may cut rates could weaken the dollar in the medium term, offering upside potential for the GBP/USD pair if these expectations materialise.

**Detailed analysis:**

- Current trends:**
The GBP/USD pair is showing a slight uptrend against a backdrop of low volatility. Today's movement indicates consolidation rather than a clear trend. Immediate resistance lies around the session high at 1.35221, while support is close to the low at 1.35118.

- Impact of Economic News:**
Recent economic news has had a moderate impact on the pair. The dollar's rebound could limit GBP gains, but speculation that the Fed will cut rates adds potential upside momentum for GBP/USD in the medium term. Trade and political uncertainties continue to weigh on the market, making the pair's movements sensitive to major economic announcements.

- Short-term forecast:**
In the short term, GBP/USD could continue to trade in a narrow range, unless major economic news disrupts this balance. Traders should keep a close eye on developments around trade tariffs and statements from the Fed, as these factors could trigger more significant moves. If the Fed signals an imminent rate cut, this could push GBP/USD higher. Conversely, a stabilisation or strengthening of the dollar could weigh on the pair.

In conclusion, the GBP/USD is currently being influenced by external factors, and traders should remain alert to economic and political developments that could influence future movements.