Forex data GBP/USD
Date : 2025-06-23
Opening : 1.34039
Higher up: 1.34416
Below: 1.33994
Closing : 1.34340

Economic news :
Central banks' decisions loom amidst global uncertainty, Octa Broker offers its view
Monday open levels, indicative FX prices, 16 June 2025 - USD up after Trump bombs Iran
GBP/USD Weekly Forecast: Diverging Fed-BoE Weighs on Pound

Detailed analysis:
**Full analysis of the GBP/USD Forex market**.

**Date:** 2025-06-23

**Summary of the day's movements:**
- Opening:** 1.34039
- Higher:** 1.34416
- Lowest:** 1.33994
- Closing:** 1.34340

**Current trend:**
The GBP/USD pair has shown a slight uptrend over the day, closing above its opening level. However, movements remain relatively modest, indicating a degree of hesitation on the part of the market in the face of current economic uncertainty.

**Impact of economic news:**
1. **Central bank decisions:** Expectations surrounding the decisions of central banks, in particular the Federal Reserve (Fed) and the Bank of England (BoE), are crucial. Differences between the monetary policies of the Fed and the BoE are weighing on sterling. While the Fed could adopt a more restrictive policy, the BoE could be more cautious, putting downward pressure on the GBP.

2. **Geopolitical tensions:** Recent events in Iran, with escalating tensions following the actions of the Trump administration, have increased demand for the US dollar as a safe haven. This has contributed to the dollar's appreciation against the pound.

3. **Economic outlook:** The global economic outlook remains uncertain, with diverging forecasts for economic growth in the UK and US. This influences risk perception and capital flows.

**Short-term forecasts:**
- Bullish scenario:** If the BoE adopts a more optimistic tone in its forthcoming statements, or if geopolitical tensions ease, the pound could benefit from renewed interest, pushing the pair towards the resistance levels around 1.3450-1.3500.

- Bearish scenario:** Conversely, a continuation of geopolitical tensions or signals of more aggressive monetary tightening by the Fed could strengthen the dollar, pushing the pair towards support near 1.3350-1.3300.

**Conclusion:**
The market remains sensitive to major political and economic decisions. Traders should keep a close eye on central bank announcements and geopolitical developments to assess possible next moves for GBP/USD. Cautious risk management is advisable in this volatile environment.