Forex data GBP/USD
Date : 2025-06-24
Opening : 1.35203
Higher up: 1.36482
Below: 1.35178
Closing : 1.36280

Economic news :
Dow Jones Forecast: DJIA Rebounds on Ceasefire News and Despite Violation Claims
GBP/USD Rebounds After Trump Announces Israel-Iran Ceasefire
Gold Retreats as Israel-Iran Ceasefire Calms Geopolitical Fears, Eyes on Fed

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

#### Market Context
On 24 June 2025, the GBP/USD pair showed significant movements, influenced by geopolitical and economic news. Here is a detailed analysis of the factors influencing the pair and forecasts for the coming sessions.

#### Performance of the Day
- Opening:** 1.35203
- Higher:** 1.36482
- Lowest:** 1.35178
- fence:** 1.36280

The GBP/USD pair rose significantly over the course of the day, opening at 1.35203 and closing at 1.36280, reflecting the appreciation of sterling against the US dollar.

#### Current Trend
The current trend shows a recovery in the GBP/USD pair. This rise can be attributed to the improvement in market sentiment following the announcement of the ceasefire between Israel and Iran, which eased geopolitical fears.

#### Impact of Economic News
1. **Israel-Iran ceasefire:** Former President Trump's announcement of a ceasefire between Israel and Iran had a positive effect on the financial markets, reducing geopolitical tensions. This contributed to a rebound in sterling, as the market reacted positively to the reduction in geopolitical risks.

2. **Gold withdrawal:** The decline in gold, traditionally considered a safe haven, indicates a reduction in risk aversion among investors, which has also favoured riskier assets such as sterling.

3. **Focus on the Fed:** Investors await indications from the US Federal Reserve regarding interest rates. Any indication of a tighter monetary policy could influence the US dollar and, by extension, GBP/USD.

#### Short-Term Forecasts
- Bullish scenario:** If geopolitical tensions continue to ease and the Fed maintains its accommodative policy, sterling could continue to appreciate, pushing GBP/USD higher. A breach of the day's high at 1.36482 could open the way for new resistance around 1.3700.

- Bearish scenario:** On the other hand, if geopolitical tensions resurface or if the Fed adopts a more aggressive tone on interest rates, this could strengthen the dollar, causing GBP/USD to correct towards immediate support at 1.35203.

#### Conclusion
The GBP/USD pair is currently in an uptrend influenced by favourable geopolitical factors. However, investors should keep a close eye on developments regarding the Fed's monetary policy and any geopolitical news that could reverse the current trend. Key technical levels to watch include support at 1.35203 and resistance at 1.36482.