Forex data GBP/USD
Date : 2025-06-06
Opening : 1.35749
Higher up: 1.35846
Below: 1.35070
Closing : 1.35210

Economic news :
GBP/USD Price Analysis: Pound Fades Gains Ahead of NFP
Global FX Market Summary: US Nonfarm Payrolls (NFP), ECB, US-China Trade Relations 6 June 2025
FX option expiries for 6 June 10am New York cut

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

#### Summary of the Day
The GBP/USD opened at 1.35749, reached a high of 1.35846, a low of 1.35070, and closed at 1.35210. The pair showed moderate volatility, with a slight downtrend towards the close.

#### Current Trend
The current trend for the GBP/USD pair has been influenced by a number of economic factors, including major economic news and global market dynamics. The pair has shown resistance to holding gains above 1.357, likely due to uncertainty ahead of the release of US Nonfarm Payrolls (NFP) figures.

#### Impact of Economic News
1. **US NFP**: Expectations around US employment figures have created uncertainty in the market, influencing GBP/USD volatility. Better than expected figures could strengthen the US dollar, putting further pressure on GBP/USD.

2. **US-China Trade Relations**: Tensions or progress in trade relations between the US and China may indirectly influence the US dollar, and by extension the GBP/USD pair, due to global economic impacts.

3. **European Central Bank (ECB)**: Although the ECB is not directly linked to sterling or the dollar, its policies can influence global risk sentiment and capital flows, thus impacting GBP/USD.

#### Short-Term Forecasts
1. **Bullish scenario**: If the NFPs disappoint and trade tensions ease, we could see a recovery in sterling against the dollar, with a potential return to the 1.35750-1.36000 level.

2. **Bearish scenario**: A strong NFP report could strengthen the dollar, pushing GBP/USD to new lows around 1.35000, or even lower if market sentiment remains negative.

3. **Neutral scenario**: In the absence of any major surprises, the pair could stabilise around its current closing level, oscillating in a narrow range until new economic data or events impact the market.

#### Conclusion
The market remains attentive to major economic indicators and geopolitical developments. Traders should keep a close eye on imminent economic releases and central bank statements to anticipate future GBP/USD movements. Key technical levels to watch include support at 1.35000 and resistance at 1.35750.