Site map
العربية Български 中文 Čeština English Français Deutsch हिन्दी Bahasa Indonesia Italiano Bahasa Malay اردو Polski Português Română Русский Srpski Slovenský Español ไทย Nederlands Українська Vietnamese বাংলা Ўзбекча O'zbekcha Қазақша

InstaForex Client Area

  • Personal settings
  • Access to all InstaForex services
  • Detailed statistics and reports on trades
  • Full range of financial transactions
  • System of managing several accounts
  • Maximum data protection

InstaForex Partner Area

  • Full information on clients and commissions
  • Graphic statistics on accounts and clicks
  • Webmaster instruments
  • Ready-made web solutions and wide range of banners
  • High data protection level
  • Company's news, RSS feeds, and forex informers
Register account
Affiliate Program
cabinet icon

Another Lamborghini from InstaForex!Maybe it will be you who will take the keys!

Just make a deposit of at least $1,000 to your account!

Get the best trading conditions and attractive bonus offers! We have already given 6 legendary sports cars! But it does not stop there! The next Lamborghini Huracan of the latest generation may be yours!

InstaForex – invest in your victories!

Instant account opening

Get a letter of instructions
toolbar icon

Trading Platform

For mobile devices

For trading via browser

The pound fell against its major counterparts in the European session on Tuesday, following comments from the Bank of England MPC member John Haskel suggesting that interest rates could rise more gradually.

Speaking to the Treasury select committee, incoming member Haskel said that the slack in the U.K. economy may be higher than currently examined.

"The first risk involved in raising interest rates would be if this is done too quickly, disturbing investment and borrowing plans by more than would have been expected," he added.

Haskel cautioned over rising protectionism that could harm the UK economy by driving up costs and hurting economic demand.

Data from UK Finance showed that UK mortgage approvals increased to a four-month high in May.

The number of mortgage approvals increased to 39,244 in May from 38,327 in April. This was the highest since January and above the expected level of 38,250.

The currency rose against its major counterparts in the Asian session, with the exception of the euro.

The pound weakened to near a 2-week low of 0.8822 versus the euro, after having advanced to 0.8798 at 5:00 am ET. The pound is likely to find support around the 0.89 level.

Pulling away from an early 4-day high of 1.3292 against the greenback, the pound reversed direction and fell to a 5-day low of 1.3207. The next likely support for the pound is seen around the 1.31 level.

The pound edged down to 144.97 against the yen and 1.3067 against the franc, reversing from its early high of 145.77 and a 4-day high of 1.3123, respectively. If the pound falls further, 142.00 and 1.29 are likely seen as its next support levels against the yen and the franc, respectively.

Looking ahead, U.S. S&P/Case-Shiller home price index for April and consumer confidence index for June will be out in the New York session.