Forex data GBP/USD
Date : 2025-06-24
Opening : 1.35203
Higher up: 1.35626
Below: 1.35178
Closing : 1.35610

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 full analysis of the GBP/USD forex market on 24 June 2025, here's a detailed look at what's on offer:

### Current trend
GBP/USD opened at 1.35203 and closed at 1.35610, with a high of 1.35626 and a low of 1.35178. This indicates a slight uptrend over the course of the day, with a relatively narrow price movement. This trend could signal consolidation after a period of volatility, or preparation for a possible break in either direction.

### Impact of economic news
The economic news mentioned above points to a number of factors influencing the pair:

1. **FTSE 100 Records Lower Losses**: This suggests some stability or resilience in the UK stock market, which could support sterling. A relatively stable stock market performance may boost confidence in the UK economy.

2. **Dollar up, markets weigh Iran-Israel developments** : The appreciation of the US dollar could be attributed to geopolitical tensions in the Middle East, particularly between Iran and Israel. Investors often turn to the dollar as a safe haven in times of geopolitical uncertainty.

3. **Dollar Rebounds Amidst Escalation In Middle East Tensions**: This reinforces the idea that the dollar's rise is mainly due to a search for safety, which could limit sterling's gains against the dollar.

### Short-term forecasts
There are several possible scenarios for future sessions:

- Bullish scenario for GBP/USD**: If geopolitical tensions ease and stock markets continue to stabilise, sterling could benefit from renewed confidence, especially if UK economic data remains solid.

- Bearish scenario for GBP/USD**: If tensions in the Middle East intensify, the dollar could continue to appreciate as a safe haven, exerting downward pressure on GBP/USD.

- Consolidation scenario**: In the absence of any major economic news, the pair could continue to trade in a narrow range, with traders waiting for further economic or geopolitical indications.

### Conclusion
The GBP/USD pair is currently being influenced by geopolitical and economic factors. Traders should keep a close eye on developments in the Middle East and the UK's economic performance to assess the pair's potential direction. Close attention to central bank speeches and key economic data will also be crucial in anticipating future movements.