Forex data GBP/USD
Date : 2025-06-27
Opening : 1.37275
Higher up: 1.37524
Below: 1.36827
Closing : 1.37130
Economic news :
Markets Wait For PCE Data
Major currencies not up to much to start the session
GBP/USD Surges to 3-Year Highs Amid Broad US Dollar Weakness
Detailed analysis:
For a complete analysis of the GBP/USD forex market on 27 June 2025, let's look at the various aspects mentioned.
### Current trend
The GBP/USD pair opened at 1.37275, peaked at 1.37524, and closed slightly lower at 1.37130. This variation indicates slight downward pressure after reaching intraday highs, which could suggest profit-taking after the recent rise. The fact that the pair reached a three-year high recently, as mentioned in the news, points to an overall uptrend.
### Impact of Economic News
1. **PCE (Personal Consumption Expenditures)** data awaited: Markets are awaiting data on US personal consumption expenditure, a key measure of inflation monitored by the Federal Reserve. Higher than expected inflation could strengthen the US dollar on expectations of higher interest rates, which could put downward pressure on GBP/USD.
2. **General weakness in the US dollar**: The mention of widespread weakness in the US dollar has probably contributed to the recent rise in GBP/USD. This weakness could be attributed to expectations of less restrictive monetary policies from the Fed or other macroeconomic factors weighing on the dollar.
3. **Surge to 3-Year Highs**: This rise to multi-year highs shows the current strength of sterling against the dollar, potentially supported by domestic economic factors in the UK, such as more robust economic growth or expectations of monetary tightening by the Bank of England.
### Short-Term Forecasts
- Bullish scenario**: If PCE data points to moderate inflation and dollar weakness persists, GBP/USD could continue to climb, retesting recent highs. A break above 1.37524 could pave the way for new highs.
- Bearish scenario**: Conversely, higher-than-expected PCE data could strengthen the dollar, pushing the pair lower. In this case, the immediate support to watch would be the intraday low of 1.36827. A break below this level could signal a short-term trend reversal.
- Neutral scenario**: If economic data is in line with expectations and market sentiment remains stable, the pair could move in a narrow range, consolidating around current levels.
### Conclusion
The GBP/USD pair is currently being influenced by external factors such as dollar weakness and expectations of US economic data. Traders should keep a close eye on these factors, as well as any central bank statements, to adjust their strategy accordingly. Increased volatility is expected around the release of the PCE data, which could offer short-term trading opportunities.
English (UK) 
Français