GBPUSD, H1
UK Data نے Sterling پر پورا Pressure ڈالا ہے اور UK کی Economy بہت Slow اور Less than Expected بڑھ رہی ہے.
- Overall Lift in GDP 1.8%
compared to - Bloomberg Consensus 5.5%
- April m/m Economic activity falling -20.3%
- Annual دیکھا جائے تو ابھی Fall ہے %19.1 اور %10.8-.Compared to last month
- On last year Levels Services Still down 19%
- .Construction Output 40% Below last year Level
- .Overall Industrial Production 20%
- باقی Economies کی طرح GBP بھی Virus سے Hit ہوئی ہے اور یہاں Lock down سب سے End میں ختم ہوں گے. صرف Construction Sector اب Progress کی طرف واپس ہے. ان سب کو دیکھا جائے تو Downside Risk ہے.
EU Trade Talks کا بھی کوئی Progressive Scene نہیں ہے. Risk ہے کہ Transition Period بغیر Deal کے ختم ہوجائے گا.
(The Office for Budge Responsibility(OBR نے Latest Updates دی ہیں آج. ان کے حساب سے
Sorry Reading ہے Record Public debt اور Largest Decline GDP in 300 years.
Cable 1.2537 نے Six-day Low بنایا. اس کی وجہ Pound Under Performance ہے اور UK May GDP ہے.
1.2505 Test اور OBR Report بھی. EURGBP نے 7 دن کا High 0.9069 بنایا. GBPJPY نے 6 دن کا
Low 134.17 بنایا.
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Stuart Cowell
Head Market Analyst
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