Forex data GBP/USD
Date : 2025-06-24
Opening : 1.35203
Higher up: 1.35468
Below: 1.35178
Closing : 1.35330

Economic news :
FTSE 100 Records Lower Losses
ForexLive European FX news wrap: Dollar up, markets weigh Iran-Israel developments
Dollar Rebounds Amidst Escalation In Middle East Tensions

Detailed analysis:
For a complete analysis of the GBP/USD forex market on 24 June 2025, let's look at the following elements:

### Current trend :
The GBP/USD pair had a relatively stable session, opening at 1.35203 and closing at 1.35330. Intraday movements were limited, with a high of 1.35468 and a low of 1.35178. This indicates moderate volatility and a slightly bullish trend for the day. However, this stability could be temporary given the external influences.

### Impact of economic news :
1. **FTSE 100 Records Lower Losses**: This information suggests a degree of resilience in the UK market despite losses, which could support sterling against a backdrop of economic uncertainty. A limited fall in equity indices may indicate relative investor confidence, which could keep the GBP in a stable position against the dollar.

2. **Dollar up, markets weigh Iran-Israel developments** and Dollar Rebounds Amidst Escalation In Middle East Tensions**: These headlines point to a rebound in the US dollar, probably due to its safe-haven status in the face of geopolitical tensions in the Middle East. Escalating tensions between Iran and Israel may increase demand for the dollar, putting downward pressure on GBP/USD.

### Short-term forecasts :
- Bullish scenario**: If geopolitical tensions ease or if positive economic data for the UK emerges, sterling could strengthen, pushing GBP/USD to test new highs above 1.35468.

- Bearish scenario**: If geopolitical tensions intensify or if the UK is hit by unfavourable economic news, the dollar could continue to strengthen, pushing the GBP/USD pair down towards short-term support around 1.35178.

- Neutral scenario**: If the markets digest the current news without any further significant developments, the pair could continue to trade in a narrow range around its current closing level.

### Conclusion :
The GBP/USD pair is currently being influenced by external factors, in particular geopolitical tensions in the Middle East, which are strengthening the dollar. Future movements will depend on geopolitical developments and economic news that could alter investors' appetite for risk. Traders will need to keep a close eye on economic news and indicators to adjust their positions accordingly.