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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.