ANALYSIS
NQ100 Finds Support from PPIApr 14
GBPUSD Sees the Lowest Level Since 1985
In the UK, the pound received some response as the cabinet uncertainty has largely disappeared. But while the recession and inflation concerns for the country's economy are extremely high, the pound finds no meaningful demand. Thus, it saw its lowest level since 1985 in parity. Sales pressure, which will be active as long as the psychological resistance of 1.1500 above is not exceeded, may force the parity to descend to 1.1250 level behind 1.1340.
