GBPUSD gave a breakout of Wedge Pattern
GBPUSD was up on Tuesday after testing the low level of 1.2607 in the last trading session as The British pound fell to $1.26, nearing six-month lows last seen in late November, after key UK economic data disappointed. GDP unexpectedly contracted by 0.1% in October, matching the decline in September, highlighting the challenges the government faces in achieving its ambition of making the UK the fastest-growing G7 economy, a goal reaffirmed by Prime Minister Keir Starmer last week. Additionally, industrial and manufacturing output contracted, contrary to forecasts predicting growth.
Recent News
US Tech 100 Near Resistance Pennant Form...
June 04, 2025
Market Insights
US Tech 100 Near Support Zone Will It Br...
March 12, 2025
Market Insights
Gold rises as USD drops to three-year lo...
June 26, 2025
Market Insights
US30 (Dow Jones) Trading Within Ascendin...
July 29, 2025
Market Insights
DAX sharp fall after FOMC
December 19, 2024
Market Insights
Gold extends losses despite a weaker USD...
June 27, 2025
Market Insights
