ANALYSIS
NQ100 Finds Support from PPIApr 14
Government Support to the Pound
The disappearance of political uncertainties with the announcement of the new Prime Minister in the UK relieved the pound. Subsequently, statements by Prime Minister Rishi Sunak's administration that they are working to restore economic stability and confidence caused the pound to enter the recovery path. On the other hand, moderate decreases in the dollar also have an impact on the pound. At this point, if GBPUSD parity, which confirms the trend change, goes above 1.1625, the resistance of 1.1680, which will be a 1-month high, can be kept on the agenda. In downside movements, psychological 1.1500 support can be followed.
