Forex analysis - 2025-07-03 (13:52)

Forex data GBP/USD
Date : 2025-07-03
Opening : 1.36467
Higher up: 1.36757
Below: 1.35852
Closing : 1.35990

Economic news :
Can US Equities Extend Record Run as Broader Market Joins the Rally?
GBP/USD Faces More Pressure as UK Political Risks Cloud Outlook
Dollar Gains on Weakness in the Yen and British Pound

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

#### Overview of the Day's Data

- Open:** 1.36467
- Higher:** 1.36757
- Lowest:** 1.35852
- Closing:** 1.35990

#### Analysis of Price Movements

GBP/USD opened the day at 1.36467 and reached a high of 1.36757, indicating some initial buying pressure. However, the closing level of 1.35990, close to the day's low of 1.35852, suggests that selling pressure dominated throughout the day. This could indicate underlying weakness in sterling against the US dollar.

#### Impact of Economic News

1. **Can US Equities Extend Record Run as Broader Market Joins the Rally?
- The positive performance of US equities could strengthen the US dollar as a result of capital flows into the US market. This has probably contributed to the downward pressure on the GBP/USD pair.

2. **GBP/USD Faces More Pressure as UK Political Risks Cloud Outlook**.
- Political risks in the UK, such as government instability or Brexit-related uncertainties, may weaken investor confidence in sterling. This is reflected in the selling pressure on the GBP/USD pair.

3. **Dollar Gains on Weakness in the Yen and British Pound**.
- A stronger US dollar, supported by weakness in the yen and sterling, is putting further pressure on the GBP/USD pair. The strength of the dollar is often a determining factor in the direction of this currency pair.

#### Current Trend

The current trend for GBP/USD looks bearish, influenced by the economic and political factors mentioned. The close near the day's low accentuates this negative trend.

#### Short-Term Forecasts

- Bearish scenario:** If political uncertainty in the UK persists and the US dollar continues to strengthen, GBP/USD could fall below current levels, testing key support around 1.3550.

- Bullish scenario:** A bullish reversal could be possible if positive news emerges from the UK, or if the US dollar loses strength. In this case, the pair could rebound towards the resistance zone around 1.3700.

In short, short-term forecasts for the GBP/USD pair are heavily dependent on political developments in the UK and the performance of the US dollar. Traders need to keep a close eye on economic and political developments to anticipate future movements.