Forex data GBP/USD
Date : 2025-06-20
Opening : 1.34602
Higher up: 1.35111
Below: 1.34405
Closing : 1.34450

Economic news :
Futures Rise Ahead Of Record $5.9 Trillion Triple-Witching OpEx
ForexLive European FX news wrap: Markets quiet, tentative as the weekend draws closer
Futures Tumble, Oil Soars On Mounting Fears US Will Strike Iran

Detailed analysis:
### Complete Forex Market Analysis - GBP/USD

#### Market Context
The foreign exchange market, in particular the GBP/USD pair, showed some volatility on 20 June 2025. Intraday movements were influenced by major economic and geopolitical factors.

#### Technical Data
- Opening:** 1.34602
- Higher:** 1.35111
- Lowest:** 1.34405
- Closing:** 1.34450

GBP/USD opened at 1.34602, reaching an intraday high of 1.35111 before falling to close at 1.34450. The fall in the close compared with the opening indicates prevailing selling pressure, despite an attempt to move higher.

#### Current Trend
The GBP/USD pair has shown a downward trend over the trading day, closing below its opening level. This trend is reinforced by the fact that the closing price is close to the day's low, suggesting persistent weakness in sterling against the US dollar.

#### Impact of Economic News
1. **Futures Rise Ahead Of Record $5.9 Trillion Triple-Witching OpEx:** The phenomenon of triple-witching, where equity options, equity futures and index futures expire simultaneously, has led to increased volatility in the markets. This may have made Forex traders more cautious, impacting liquidity and the direction of GBP/USD movements.

2. **ForexLive European FX news wrap:** European markets were calm and cautious ahead of the weekend, which may have contributed to lower trading volumes and limited volatility outside of the significant movements seen.

3. **Future Tumble, Oil Soars On Mounting Fears US Will Strike Iran:** Geopolitical tensions, particularly fears of a US strike against Iran, have led to a rise in oil prices. More expensive oil can affect the currencies of oil-importing countries such as the UK, weighing on the balance of trade and economic growth.

#### Short-Term Forecasts
- Bullish scenario:** If geopolitical tensions ease and economic uncertainties diminish, there could be a technical rebound in GBP/USD, with traders looking to buy at key support levels.

- Bearish scenario:** If tensions persist, particularly with a potential escalation in the Middle East, and economic uncertainties increase, selling pressure could strengthen. A break below current support at 1.34405 could pave the way for further declines.

- Neutral scenario:** The pair could consolidate in a narrow range if investors adopt a wait-and-see attitude in the face of current uncertainty.

In conclusion, movements in the GBP/USD pair over the coming sessions will depend largely on developments in geopolitical tensions and the markets' reaction to major economic events. Traders should keep a close eye on developments in these areas and adjust their positions accordingly.