From Investing.com: 2025-06-12 08:20:00

GBP/USD struggles at 1.36 after UK GDP contracts more than expected in April, causing concerns about Q2 growth. The UK economy is facing challenges with job losses and decreased exports. Meanwhile, oil prices ease after strong gains driven by geopolitical tensions in the Middle East and the US-China trade deal. Traders are cautious about high tariffs affecting economic growth and demand outlook. Oil technical analysis suggests further upside potential if it breaks above the 200 SMA, targeting levels at 70.00 and 72.00. On the downside, support is at 65.00 and 64.00.



Read more at Investing.com: GBP/USD: Bulls Lose Momentum After UK GDP Contracts