Forex data GBP/USD
Date : 2025-06-20
Opening : 1.34602
Higher up: 1.34872
Below: 1.34602
Closing : 1.34850

Economic news :
Futures Tumble, Oil Soars On Mounting Fears US Will Strike Iran
GBP/USD Steady as BoE Balances Rate Pause Against UK Economic Weakness
ForexLive European FX news wrap: SNB cuts to 0%, BOE stays on hold as anticipated

Detailed analysis:
The Forex market analysis for GBP/USD on 20 June 2025 presents several key elements to consider in light of recent market data and economic news.

### Current trend
The GBP/USD pair opened at 1.34602 and closed at 1.34850, rising slightly during the session. This rise, albeit modest, indicates a degree of resilience in sterling against the US dollar. The day's high of 1.34872 shows resistance at this level, while the opening low indicates initial support at 1.34602.

### Impact of Economic News
1. **Geopolitical tensions** : Fears of a US strike on Iran have led to a rise in oil prices. Historically, higher oil prices can strengthen the dollar as a safe-haven asset, but in this case the geopolitical impact can also create uncertainty, leading to increased volatility on the currency market.

2. **UK Monetary Policy** : The Bank of England (BoE) kept interest rates unchanged, as expected. Keeping rates unchanged can be interpreted as a cautious move in the face of economic weakness in the UK, which could limit the pound's upside potential in the short term.

3. **Swiss National Bank (SNB)** decision: The SNB interest rate cut at 0% may indirectly influence GBP/USD by altering capital flows and affecting European market sentiment more broadly.

### Short-Term Forecasts
- Bullish scenario**: If geopolitical tensions ease or positive economic data emerge from the UK, the pound could gain in value. A breach of today's high at 1.34872 could open the way for further gains, with potential resistance around 1.3500-1.3520.

- Bearish scenario**: Conversely, escalating tensions in the Middle East or disappointing economic data from the UK could weigh on the pound. In this case, a return to support at 1.34602, or even a fall below this level, could be envisaged.

### Conclusion
The GBP/USD pair currently appears to be influenced by a combination of geopolitical and economic factors. The BoE's cautious stance and global uncertainties could limit significant movements in the short term, but traders should keep a close eye on geopolitical developments and future economic releases. Rigorous risk management is advisable, given the potential volatility associated with the current tensions.