ANALYSIS
NQ100 Finds Support from PPIApr 14
British Market Volatility Continues Against Pound
The volatility in the British markets is not going down somehow. The Bank of England (BoE) has announced new measures. For this, the bank stated that it is ready to increase the size of its daily government bond purchases, which will end on October 14. On the other hand, British Finance Minister Kwarteng brought forward the announcement of the Medium Term Fiscal Plan. Expectations that growth will be prioritized rather than inflation in the plan to be announced on October 31st make it difficult for the pound to find demand. The support of 1.0800 will come to the fore if the parity, which carries its continuous decline to the fourth trading day with the strong outlook of the dollar, falls below 1.0925. Above, the 1.1165 – 1.1280 range will continue to be a strong resistance zone.
