Forex analysis - 2025-06-05 (10:52)

Forex data GBP/USD
Date : 2025-06-05
Opening : 1.35475
Higher up: 1.35741
Below: 1.35402
Closing : 1.35620

Economic news :
GBP/USD Forecast: Macro Heat Builds with ECB, CPI and NFP
Mixed Jobs Data From U.S. Sways Sentiment In World Markets
Kraken Partners with Ivy to Enable Instant Bank Payments for European Crypto Users

Detailed analysis:
Analysis of the Forex market for the GBP/USD pair on 5 June 2025 shows several key elements to consider, both from a technical and fundamental point of view.

### Current trend :

The GBP/USD pair showed a slight rise over the course of the day, opening at 1.35475 and closing at 1.35620, illustrating some volatility with a high of 1.35741. The general trend appears to be neutral to slightly bullish in the very short term, but it is important to note that intraday fluctuations can be influenced by fundamental factors and economic news.

### Impact of economic news :

1. **Macro Heat with ECB, CPI and NFP:**
- The mention of the ECB (European Central Bank) suggests that monetary policy decisions in Europe could have an indirect impact on sterling, particularly if monetary tightening or easing measures are announced.
- Data on the Consumer Price Index (CPI) and Non-Farm Payrolls (NFP) are critical. Higher inflation could push the BoE (Bank of England) to consider rate hikes, potentially supporting the pound.
- NFPs have a direct impact on the US dollar. Stronger-than-expected employment figures could strengthen the dollar, weighing on the GBP/USD pair.

2. **Mixed employment data for the United States:**
- The mixed data suggests uncertainty about the strength of the US economic recovery. This could lead to increased volatility in the dollar, influencing the GBP/USD pair in an indecisive manner in the short term.

3. **Kraken-Ivy partnership:**
- Although this partnership is primarily in the crypto-currency sector, it indicates a wider integration of digital financial services in Europe. This could have an indirect long-term impact on the perception of European currencies, including sterling, in terms of financial stability and innovation.

### Short-term forecasts :

- Bullish scenario:** If UK economic data remains strong and the BoE adopts a more hawkish stance in response to rising inflation, the pound could strengthen, pushing the pair to test higher resistance levels above 1.35741.
- Bearish scenario:** If the US NFPs surprise positively or if the ECB announces measures that favour the euro, this could indirectly weigh on the pound, causing it to fall towards short-term support near 1.35402.
- Neutral scenario:** In the absence of any major economic news or political decisions, the pair could consolidate around its current closing range, with limited movements.

In summary, the GBP/USD pair is currently being influenced by a variety of economic factors, and traders should keep a close eye on economic news and central bank statements to assess future movements.