Forex data GBP/USD
Date : 2025-06-20
Opening : 1.34602
Higher up: 1.35009
Below: 1.34602
Closing : 1.34900

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:
Analysis of the Forex market for the GBP/USD pair on 20 June 2025 presents several key elements to be taken into account, both technically and economically.

### Technical Analysis

1. **Opening and Closing:**
- The pair opened at 1.34602 and closed at 1.34900, indicating a slight appreciation over the course of the day.
- The upward movement, albeit modest, may suggest some resilience in sterling against the US dollar.

2. **Higher and Lower:**
- The high for the day was 1.35009, while the low was equal to the opening at 1.34602. This shows relatively limited volatility, with resistance around 1.35000.

3. **Current trends:**
- The trend appears to be slightly upwards in the short term, but resistance at 1.35000 could limit further gains unless a significant catalyst emerges.

### Fundamental Analysis

1. **Geopolitical context:**
- Fears of US military action against Iran have led to a rise in oil prices. A rise in oil prices can affect the US dollar through its impact on inflation and the Fed's monetary policy.

2. **Monetary policy:**
- The Bank of England (BoE) has decided to maintain its interest rates, emphasising the balance between the need to support the ailing British economy and potential inflationary pressures.
- The BoE's decision to maintain rates was expected, which probably limited the sharp movements in sterling.

3. **Other influences:**
- The Swiss National Bank's (SNB) decision to cut rates at 0% could influence capital flows, although the direct impact on GBP/USD is limited.

### Short-Term Forecasts

- Positive scenarios:**
- If the geopolitical situation stabilises and oil prices moderate, the US dollar could strengthen, putting downward pressure on GBP/USD.
- An improvement in UK economic data or signals from the BoE of a future rate hike could support the pound.

- Negative scenarios:**
- An escalation in geopolitical tensions could weaken the dollar further, giving the GBP/USD a boost.
- Weaker-than-expected UK economic data could put downward pressure on sterling.

In summary, the GBP/USD pair is showing a slight uptrend in the short term, but remains vulnerable to geopolitical and economic developments. Traders should keep a close eye on news concerning monetary policy and the geopolitical situation to assess the pair's future movements.