Forex data GBP/USD
Date : 2025-06-11
Opening : 1.34979
Higher up: 1.35672
Below: 1.34639
Closing : 1.35450

Economic news :
Mixed Trend In World Markets
ForexLive European FX news wrap: Dollar steady, US CPI report up next
GBP/USD: All Eyes on CPI and Support at 1.3430 as Pair Teeters on the Edge

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

**Date:** 2025-06-11

**Summary of market data:**
- Open:** 1.34979
- Higher:** 1.35672
- Lowest:** 1.34639
- Closing:** 1.35450

**Major economic news:**
1. **Mixed trends on global markets:** Global markets are showing mixed trends, which could generate uncertainty and volatile movements on the currency markets.
2. **ForexLive News:** The dollar remains stable with a focus on the upcoming US Consumer Price Index (CPI) report.
3. **GBP/USD:** Focus on the CPI and support at 1.3430, as the pair is in a critical situation.

**Detailed analysis:**

- Current trend:** The GBP/USD pair has shown some volatility over the session, with a move higher from the open. The close above the open indicates some GBP strength against the US dollar, but the proximity of key support and resistance levels indicates that the market may be at an inflection point.

- Mixed trends in global markets reflect general uncertainty, which may affect GBP/USD volatility. The dollar holding steady ahead of the US CPI report suggests that traders are waiting for clear indications on US inflation, which could influence the Fed's monetary policy decisions. The focus on support at 1.3430 indicates that investors are paying close attention to this critical level, which could determine the pair's future direction.

- Short-term forecasts:**
- Bullish scenario:** If the US CPI report shows inflation below expectations, this could weaken the dollar and push GBP/USD higher, potentially testing resistance around 1.35672.
- Bearish scenario:** Conversely, higher-than-expected inflation could strengthen the dollar, pushing the pair towards support at 1.3430. A break below this level could signal a more pronounced downtrend.
- Neutral scenario:** If the CPI report is in line with expectations, the pair could remain in a narrow range, oscillating between current support and resistance levels.

To sum up, GBP/USD performance over the next few sessions will largely depend on upcoming US economic data, notably the CPI report, and the pair's ability to hold its key support and resistance levels. Traders should remain vigilant as economic news and statements from the Bank of England and the Fed could influence the market.