فلیٹ ریٹیل سیلز کے بعد GBP/USD کناروں میں اضافہ - MarketPulse

The British pound dipped 0.30% earlier today but has managed to recover the losses. In the European session, GBP/USD is trading at 1.2451, up 0.12%.

Retail sales misses estimate

The UK release retail sales were flat in March, after a revised 0.1% gain in February and missing the market estimate of 0.3%. Fuel sales were higher but were offset by weaker food sales. This was a disappointment for retailers as hopes that the Easter holiday would boost March sales failed to materialize. On a yearly basis, retail sales rose 0.8%, up from a revised -0.3% in February and just above the market forecast of 0.7%.

The weak release was impacted by heavy rains in March, which kept consumers away from shops. Even without the adverse weather, consumers are sour about the economy and holding tight to the purse strings. Retail sales have been bumpy in 2024 but could show improvement in the coming months. The weather will improve in the coming months and the Paris Olympics and Taylor Swift concerts are expected to lead to an increase in consumer spending and demand.

The Bank of England remains cautious about trimming rates and the consensus view is that the BoE won’t lower rates until September. The BoE remains cautious, especially after Federal Reserve Chair Powell said this week that it will delay rate cuts due to rising inflation. Morgan Stanley is more dovish and expects a rate cut in June, arguing that UK inflation has dropped to 3.2% and will fall below the BoE’s 2% target in the second quarter.

GBP / USD تکنیکی

• GBP/USD tested support at 1.2418 and 1.2401 earlier. Below, there is support at 1.2367
• 1.2452 اور 1.2469 پر مزاحمت ہے

مواد صرف عام معلومات کے مقاصد کے لیے ہے۔ یہ سرمایہ کاری کا مشورہ یا سیکیورٹیز خریدنے یا بیچنے کا حل نہیں ہے۔ آراء مصنفین ہیں؛ ضروری نہیں کہ OANDA Business Information & Services Inc. یا اس کے کسی بھی ملحقہ، ماتحت اداروں، افسران یا ڈائریکٹرز کا ہو۔ اگر آپ مارکیٹ پلس پر پائے جانے والے کسی بھی مواد کو دوبارہ پیش کرنا یا دوبارہ تقسیم کرنا چاہتے ہیں، ایوارڈ یافتہ فاریکس، کموڈٹیز اور عالمی اشاریے کا تجزیہ اور OANDA Business Information & Services Inc. کے ذریعہ تیار کردہ نیوز سائٹ سروس، تو براہ کرم RSS فیڈ تک رسائی حاصل کریں یا ہم سے اس پر رابطہ کریں۔ info@marketpulse.com. ملاحظہ کریں https://www.marketpulse.com/ عالمی منڈیوں کی بیٹ کے بارے میں مزید جاننے کے لیے۔ © 2023 OANDA Business Information & Services Inc.