Forex analysis - 2025-06-19 (04:57)

Forex data GBP/USD
Date : 2025-06-19
Opening : 1.34214
Higher up: 1.34269
Below: 1.33869
Closing : 1.34080

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

Detailed analysis:
To carry out a complete analysis of the GBP/USD forex market on 19 June 2025, we need to look at several key aspects, including price movements, economic news and future forecasts.

### Analysis of Price Movements

- Opening:** 1.34214
- Higher:** 1.34269
- Lowest:** 1.33869
- Closing:** 1.34080

The GBP/USD pair fell slightly on the day, closing below its opening level. The day's highs and lows show moderate volatility, highlighting downward pressure after an attempt to rise.

### Analysis of Economic News

1. **GBP/USD, Oil Forecast: Two Trades to Watch**.
- This news suggests that the market is keeping a close eye on oil movements, which may indirectly influence the GBP/USD pair. A rise in oil prices could affect the US dollar via the impact on inflation and the Fed's monetary policy.

2. **GBP/USD Hits New June Low**.
- Reaching a new low for the month of June indicates persistent weakness in sterling against the dollar. This may be due to domestic economic factors in the UK or to the relative strength of the dollar.

3. **Softening Boosts FTSE 100 mutual fund**.
- A softening in the consumer price index (CPI) could have a mixed impact on the GBP/USD. On the one hand, it could reduce the pressure on the Bank of England to raise interest rates, weighing on the pound. On the other hand, a more accommodative economic environment could support UK equities, such as the FTSE 100, but the effect on Forex could be limited.

### Current trend

The current trend appears to be downwards for the GBP/USD pair, influenced by both internal and external factors. Sterling's weakness against the dollar, combined with economic uncertainty, seems to be dominating the market.

### Short-Term Forecasts

1. **Downside scenario:** If economic news continues to point to economic weakness in the UK or continued strength in the dollar, the pair could continue to fall below current levels, potentially testing support around 1.3350.

2. **Rebound scenario:** If positive news emerges, such as an improvement in UK economic indicators or signs of dollar weakness, the pair could rebound, with immediate resistance around 1.3450.

3. **The impact of external events:** Developments in the Fed's monetary policies or significant fluctuations in the oil market could also influence the direction of the GBP/USD pair in the coming sessions.

In conclusion, traders should keep a close eye on economic announcements and geopolitical developments that could influence the pair, while bearing in mind the key technical levels identified in the analysis of price movements.