Forex analysis - 2025-06-27 (09:51)

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 full analysis of the GBP/USD forex market on a given date, let's look at the various factors influencing movements in this currency pair.

### Current trend :
The GBP/USD pair recently hit 3-year highs, indicating a strong uptrend. However, the close on 27 June was slightly lower than the open, falling from 1.37275 to 1.37130. This could suggest a minor correction or consolidation after a significant uptrend.

### Impact of economic news :
1. **The markets are paying close attention to the PCE data, which is a key indicator of inflation in the United States. Higher than expected inflation could strengthen the US dollar in anticipation of a monetary policy response from the Fed, which could reverse the uptrend in GBP/USD.

2. **Weak US dollar:** Recent widespread weakness in the US dollar has allowed sterling to appreciate. This weakness can be attributed to factors such as disappointing US economic data and expectations of a more accommodative monetary policy from the Fed.

3. **Although not mentioned directly in the analysis, it is important to consider the UK economic environment, including Bank of England decisions, recent economic data, and political developments that could influence the value of the pound.

### Short-term forecasts :
1. **Bullish scenario:** If PCE data indicates moderate or lower than expected inflation, this could keep pressure on the US dollar and allow GBP/USD to continue its rally. Key resistance would be the recent high of 1.37524.

2. **Bearish scenario:** If PCE data shows higher than expected inflation, this could strengthen the US dollar and lead to a downward correction in GBP/USD. Important support could be found around the day's low of 1.36827.

3. **Neutral scenario:** If data are in line with market expectations, the pair could oscillate in a narrow range, consolidating around current levels.

In conclusion, the GBP/USD pair is currently being influenced by a combination of factors linked to dollar weakness and economic expectations. Future movements will largely depend on US economic results and investor reaction to these data.