Forex analysis - 2025-06-05 (15:50)

Forex data GBP/USD
Date : 2025-06-05
Opening : 1.35475
Higher up: 1.36162
Below: 1.35402
Closing : 1.35910

Economic news :
Mixed Trend In World Markets
GBP/USD Forecast: Macro Heat Builds with ECB, CPI and NFP
Mixed Jobs Data From U.S. Sways Sentiment In World Markets

Detailed analysis:
A full analysis of the GBP/USD forex market as at 5 June 2025 reveals a number of key factors influencing current dynamics and short-term forecasts.

### Current trend
The GBP/USD pair opened at 1.35475 and closed at 1.35910, showing a slight appreciation over the course of the day. The high reached was 1.36162, while the low was 1.35402. This fluctuation indicates moderate volatility with an upward trend over the day.

### Impact of economic news
1. **Mixed trends in global markets** : Global markets are showing mixed trends, which could affect GBP/USD volatility. Such uncertainty can lead to unpredictable movements in currencies as investors adjust their portfolios based on perceived risk.

2. **GBP/USD Forecast: Macroeconomic Pressure** : Upcoming economic events, including European Central Bank (ECB) decisions, the Consumer Price Index (CPI) and the US Non-Farm Payrolls (NFP) report, are crucial. ECB monetary policy and CPI data could influence the euro, with a secondary effect on sterling due to the economic proximity between the eurozone and the UK.

3. **US Mixed Employment Data**: Mixed US employment data has a direct impact on the US dollar, creating movement in the GBP/USD pair. A robust jobs market could strengthen the dollar, while weakness could depreciate it, favouring the pound.

### Short-term forecasts
There are several possible scenarios for future sessions:

- Bullish scenario**: If UK economic data is positive and ECB decisions are seen as favourable for the pound, the pair could continue to rise, testing resistance around 1.36200.

- Bearish scenario**: If the US dollar strengthens on the back of good economic data (such as a positive NFP report), or if the ECB adopts a tighter stance that could destabilise the markets, the pair could fall, finding support around 1.35400.

- Neutral scenario**: If markets remain uncertain and economic data fails to provide clear direction, the pair could remain in a narrow range, oscillating between the support and resistance levels mentioned.

In conclusion, investors need to keep a close eye on global and regional economic developments, particularly those relating to monetary policy and key economic data, to navigate the GBP/USD market effectively.