Forex data GBP/USD
Date : 2025-06-10
Opening : 1.35489
Higher up: 1.35640
Below: 1.34559
Closing : 1.35160

Economic news :
UK fashion manufacturers see record Q1 sales performance with 171% surge
Gold Prices Rise Amid Easing US-China Trade Tensions
Futures Rise Ahead Of US-China Talks

Detailed analysis:
Forex market analysis for the GBP/USD pair on 10 June 2025 shows a session in which sterling experienced slight volatility, opening at 1.35489 and closing slightly lower at 1.35160. Here is a detailed analysis taking into account the data provided :

### Current trend :

The GBP/USD pair showed a slight fall from its opening level, closing lower. The intraday movement with a high at 1.35640 and a low at 1.34559 indicates some volatility, but with no clear, predominant direction. This may suggest consolidation or uncertainty in the market.

### Impact of economic news :

1. **Record performance by British fashion manufacturers:** The strong rise in sales in the first quarter (+1711TP3Q) is a positive indicator for the British economy. This may support sterling by boosting confidence in the UK's economic recovery, which could encourage investors to buy the pound.

2. **Gold prices often rise in a context of economic uncertainty or increased risk, but the easing of trade tensions could reverse this trend in the medium term. The easing of US-China relations is generally seen as positive for the US dollar, which could put downward pressure on GBP/USD if the dollar strengthens.

3. **Markets often react positively to optimism surrounding trade talks, which could strengthen the US dollar in the short term. This could also contribute to pressure on GBP/USD.

### Short-term forecasts :

Based on current information :

- Bullish scenario:** If positive economic news from the UK continues to dominate, and investors perceive continued improvement in the UK economy, sterling could strengthen. If so, the pair could retest resistance levels around 1.35640.

- Bearish scenario:** If the US dollar strengthens further due to the easing of trade tensions between the US and China, GBP/USD could fall further. A move towards nearby support around 1.34559 could be on the cards.

- Neutral scenario:** The pair could continue to fluctuate in a narrow range if opposing economic factors balance out, with limited movement between identified support and resistance levels.

In conclusion, short-term GBP/USD movements will largely depend on developments in international trade relations and UK economic indicators. Traders should keep a close eye on economic and political news to adjust their strategies accordingly.