Forex data GBP/USD
Date : 2025-06-18
Opening : 1.34198
Higher up: 1.34763
Below: 1.34174
Closing : 1.34410

Economic news :
GBP/USD, Oil Forecast: Two Trades to Watch
GBP/USD Hits New June Low
CPI Softening Boosts FTSE 100

Detailed analysis:
For a complete analysis of GBP/USD for 18 June 2025, let's look at the technical and fundamental factors influencing this currency pair.

### Technical Analysis

1. **Price movements:**
- Open:** 1.34198
- Higher:** 1.34763
- Lowest:** 1.34174
- Closing:** 1.34410

The GBP/USD pair showed a slight rise over the course of the day, opening at 1.34198 and closing at 1.34410. The day's high at 1.34763 indicates resistance around this level, while the low at 1.34174 shows modest support.

2. **Current trend:**
- The pair appears to be trending slightly upwards on the day, but movements are relatively limited. This could indicate consolidation or hesitation on the part of the market in the face of outside influences.

### Fundamental Analysis

1. **Major Economic News:**
- GBP/USD, Oil Forecast: Two Trades to Watch**: This news could indicate a correlation between GBP/USD and oil price movements, which is relevant if we consider the economic impact of oil on the UK and the US.
- GBP/USD Hits New June Low**: This highlights underlying weakness in the pair, probably influenced by economic or political factors, which could suggest persistent downward pressure.
- CPI Softening Boosts FTSE 100**: A falling consumer price index (CPI) could indicate lower-than-expected inflation in the UK, which could reduce pressure on the Bank of England to raise interest rates, thus affecting the value of the pound.

2. **News impact:**
- The fall in the CPI could be a key factor influencing the pair, as it could imply a less restrictive monetary policy in the UK, weighing on the pound.
- Oil movements can also have an indirect impact, particularly if oil prices influence perceptions of economic stability.

### Short-Term Forecasts

- Bullish scenario:** If future economic data shows an improvement or if oil rebounds significantly, the pair could retest resistance around 1.34763.
- Bearish scenario:** If the economic news continues to show weakness, particularly with a weak CPI, the pair could look to retest the support levels around 1.34174, or even lower.
- Sideways scenario:** In the absence of major economic news, the pair could continue to consolidate between these levels, seeking to establish a new direction.

In conclusion, the GBP/USD pair appears to be in a phase of uncertainty, influenced by macroeconomic factors and external market movements such as oil. Traders will need to keep a close eye on key economic indicators and geopolitical developments to anticipate future movements.