ہمارے ٹیم میں 7000000 سے ذائد تاجران شامل ہیں
ہم تجارت کی بہتری کے لئے ہر روز اکھٹے کام کرتے ہیں اور بہترین نتائج حاصل کرتے ہوئے آگے کی جانب بڑھتے ہیں
دُنیا بھر سے سے لاکھوں ہمارے بہترین کام کو سند عطاء کرتے ہیں آپ اپنا انتحاب کریں باقی ہم آپ کی توقعات پر پورا اترنے کے لئے اپنی بہترین کوشش کریں گے
ہم مل کر ایک بہترین ٹیم بناتے ہیں
انسٹا فاریکس آپ سے کام کرتے ہوئے فخر محسوس کرتا ہے
ایکٹر - یو سی ایف 6 ٹورنامنٹ چیمپین اور واقعی ہیرو
ایک فرد کے جس نے اپنا آپ منوایا ہے وہ فرد کہ جو ہماری راہ پر چلا ہے.
ٹکٹا روو کی کامیابی کا راز یہ ہے کہ وہ اپنے اہداف کی جانب مسلسل بڑھتا رہتا ہے
اپنے ہنر یا ٹیلنٹ کے تمام پہلو آشکار کررہے ہیں
پہچانیں ، کوشش کریں ، ناکام ہوں لیکن کبھی نہ رُکیں
انسٹا فاریکس آپ کی کامیابی کی کہاں یہاں سے شروع ہوتی ہے
It seemed that the pound's rally was broken down against technical barriers and Jerome Powell's sober assessment of the prospects for lowering interest rates. The Federal Reserve Chairman did not give a clear signal that the central bank is ready to cut interest rates in September. Today the pound sterling is helped by a new macroeconomic report.
UK GDP grew stronger than expected in May, which reduces the likelihood of an interest rate cut on August 1 by the Bank of England.
The annual core US consumer price index rose by 3.3%, below market expectations and logging a downtick a 3.4% increase in May. The US dollar came under heavy selling pressure due to the immediate reaction to tepid inflation data.
As for British data, GDP increased by 0.4% month-on-month. The British pound reached a 4-month high against the US dollar.
Economic growth is nearly double the consensus estimate of a 0.2% rise, well ahead of April's stagnation of 0%.
The driving force behind economic growth was the services sector, the largest in the country's economy, which showed an increase of 0.3% in May 2024.
Equals Money said: "GDP data provided another argument in favor of markets supporting the pound." The current rate of the GBP/USD pair is above 1.2900, which is significantly higher than the forecast made by more than thirty investment banks.
In the 3-month period to May 2024, the UK economy expanded by 0.9% compared with the previous three months, largely driven by a 1.1% increase in the services sector.
These indicators prove the country's sustained strong economic recovery, reducing the need for additional stimulus measures from the Bank of England, such as interest rate cuts.
Members of the Monetary Policy Committee (MPC) now face the question of whether they will be able to cut rates in August, given that the economy may have posted two consecutive quarters of growth of 0.7%.
Strong economic performance and rising output in the services sector suggest that inflation in this sector is likely to remain high. Hugh Pill, chief economist at the Bank of England, said on Wednesday that services inflation remains under close watch.
During a speech in London, Pill pointed to a possible interest rate cut, although he did not specify a particular time frame.
The pound sterling strengthened following Pill's comments as investors assess the likelihood of a Bank of England rate cut at less than 50% on August 1.
The pound was the top gainer yesterday after Hugh Pill's remarks cooled expectations of a rate cut in August. He noted that service and wage inflation levels remained unacceptably high despite headline inflation reaching the Bank's 2% target in May. The analyst added that June macroeconomic data was unlikely to change the overall picture.
The release of GDP data on Thursday further moderated expectations, which in turn contributed to the growth of the British pound.
According to experts from Capital Economics, the central bank will still cut interest rates on August 1, although the exact timing of the first cut will greatly depend on inflation data for June and on May labor market statistics, which will be published next week.
For now, to maintain momentum building, the pound must not break below 1.2805 with minor support at 1.2825. The barrier now is the level of 1.2900, which has been broken, but the hesitation of traders above this level is visible to the naked eye.
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