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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.