Forex data GBP/USD
Date : 2025-06-17
Opening : 1.35717
Higher up: 1.35794
Below: 1.34734
Closing : 1.34760

Economic news :
Futures Slide, Oil Rises As Mideast Tensions Build
Gold Prices Drop Sharply Amid Signs of Easing Iran-Israel Conflict
Futures Surge As Dip-Buyers Ignore Escalating Middle-East War

Detailed analysis:
Forex market analysis for the GBP/USD pair on 17 June 2025 reveals several dynamics influenced by recent economic and geopolitical events. Here is a detailed analysis:

### Current trend
The GBP/USD pair showed a downward trend during the session, opening at 1.35717 and closing at 1.34760. This significant fall indicates selling pressure on sterling against the US dollar. The day's high of 1.35794 was not supported, and the low of 1.34734 shows that sellers dominated the session.

### Impact of economic news
Tensions in the Middle East, particularly between Iran and Israel, have had a significant impact on global financial markets. Geopolitical conflicts tend to strengthen the US dollar, which is seen as a safe haven in times of uncertainty. This could explain the fall in the GBP/USD pair, as investors turn to the dollar for greater security.

Fluctuations in oil prices, due to tensions in the Middle East, could also have an indirect impact. A rise in oil prices could lead to global inflation, which could influence the monetary policies of central banks. However, the fall in gold prices, despite the tensions, suggests that the market may be anticipating a potential de-escalation, which could limit the negative impact on currencies not linked to the dollar.

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

1. **If geopolitical tensions persist and the dollar continues to strengthen as a safe haven, GBP/USD could continue to fall, potentially testing new lows.

2. **Stabilisation:** If the situation in the Middle East shows signs of de-escalation, as indicated by the fall in gold prices, pressure on the dollar could ease, allowing sterling to stabilise its position against the dollar.

3. **Technical rebound:** Given the recent sharp decline, a technical rebound could occur, especially if investors consider the pair to be oversold in the short term. This could provide a short-term buying opportunity ahead of a potential resumption of the downtrend.

### Conclusion
The current situation for GBP/USD is dominated by external factors, mainly geopolitical tensions. Traders should keep a close eye on developments in the Middle East, as well as the decisions of central banks, which could react to changes in inflation due to fluctuations in energy prices. Caution is advised, with particular attention to technical support and resistance levels for informed trading decisions.