• GBP/USD edged higher on Tuesday as traders digested UK GDP data and assessed concerns of a U.S. government shutdown .
• U.S. President Donald Trump and Democratic leaders made little headway in a White House meeting to avert a government shutdown that could disrupt services as early as Wednesday.
• The U.S. Labor Department confirmed Monday that its statistics agency would halt data releases, including the closely watched monthly employment report, if a partial government shutdown occurs.
•Britain’s economy slowed in Q2 2025 following a strong start to the year, official data showed Tuesday, underscoring the challenges finance minister Rachel Reeves faces ahead of November’s annual budget.
•British GDP growth slowed to 0.3% in Q2, down from 0.7% in Q1, remaining unrevised from initial ONS estimates and matching economists’ expectations.
• Immediate resistance is located at 1.3505( SMA20), any close above will push the pair towards 1.3535(38.2%fib)
• Strong support is seen at 1.3334(50%fib) and break below could take the pair towards 1.3314(Lower BB).
Recommendation: Good to buy around 1.3440, with stop loss of 1.3380 and target price of 1.3500
