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
DAX trading on ATH levels waiting breako...
October 28, 2024
Market Insights
Gold Drops After $2,900–$3,000 Rejection...
February 28, 2025
Market Insights
NASDAQ: Strong Bullish Candle on Daily,...
September 16, 2025
Market Insights
Gold Sustaining near Life-High Levels.
February 19, 2025
Market Insights
Tech 100 CFD Rally Continues Bulls Targe...
June 25, 2025
Market Insights
Dow Jones Consolidates Near 45,000 After...
August 14, 2025
Market Insights
