Forex data GBP/USD
Date : 2025-06-16
Opening : 1.35463
Higher up: 1.35926
Below: 1.35342
Closing : 1.35790

Economic news :
GBP/USD Weekly Forecast: Dovish Fed, US-China Trade Deal
Global FX Market Summary: Israel strikes Iran's nuclear facility, Gold, Fed, Currency Volatility, 13 June 2025
Cautious Sentiment In World Markets

Detailed analysis:
The full Forex market analysis for the GBP/USD pair to 16 June 2025 shows several key elements influencing movements in this currency pair. Here is a detailed analysis:

### Current trend
GBP/USD opened at 1.35463 and closed at 1.35790, showing a modest rise on the day. The high for the day was 1.35926 and the low was 1.35342, indicating some intra-day volatility but with an overall uptrend. This slight rise could be influenced by recent world events and economic expectations.

### Impact of Economic News
1. **Dovish Fed**: An accommodative stance by the US Federal Reserve (Fed) tends to weaken the US dollar, as low interest rates make dollar-denominated assets less attractive. This may have contributed to the rise in the GBP/USD pair.

2. **US-China Trade Deal**: An improvement in trade relations between the United States and China could boost investor confidence, having a positive impact on currencies linked to world trade, including sterling.

3. **Israel-Iran conflict**: Geopolitical tensions, such as Israel's attack on an Iranian nuclear facility, can increase volatility in currency markets due to global uncertainty. It may also push investors towards safe havens, but in this case the impact on GBP/USD seems limited.

4. **Cautious sentiment on the world markets**: Cautious sentiment on the markets can limit aggressive moves and keep the pair in a relatively narrow range, unless specific news significantly alters expectations.

### Short-Term Forecasts
- Bullish scenario**: If the Fed continues to adopt an accommodative policy and global trade relations improve, sterling could continue to appreciate against the US dollar. The next resistance level could be tested around 1.3600-1.3620.

- Bearish scenario**: If geopolitical tensions intensify or unfavourable economic data emerge from the UK, this could put downward pressure on the pair. A return to support at 1.3530-1.3500 is possible.

- Neutrality**: If current conditions persist without further major disruptions, the pair could continue to fluctuate in a narrow range, with traders waiting for significant economic data or political statements.

To sum up, the GBP/USD pair is influenced by a combination of economic, geopolitical and monetary policy factors. In the short term, direction will largely depend on developments around Fed policy, geopolitical tensions and the economic performance of the two countries.