GBPUSD can fill the Daily support gap

GBPUSD was up on Wednesday after testing the low level of 1.2506 in the last trading session as The British pound gained some ground to approach $1.26, after tumbling to six-month lows early in the month, although investors remain cautious and assess the potential impact of a second Donald Trump administration. Trump doubled down on his threats to raise tariffs, mentioning a 10% tariff increase on China and a 25% hike on Mexico and Canada. Meanwhile, disappointing economic data for the UK increased bets for the Bank of England rate cuts.
Recent News
AUD/USD reacts to U.S. election uncertai...
November 05, 2024
Market Insights
DAX trading on daily lower levels.
November 19, 2024
Market Insights
US Tech 100 Testing Crucial Support Amid...
April 21, 2025
Market Insights
Gold Price Lingers Near One-Month Low as...
November 12, 2024
Market Insights
Gold trading in Symmetrical Triangle bef...
November 13, 2024
Market Insights
Is Bitcoin at its turning point?
March 27, 2025
Market Insights