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GBP/USD Daily Forecast – 25 April

Friday, Apr 22 2016

There were no data releases from the UK on Friday. Currency News reported that BoE Governor Mark Carney has recently defended his stance on a 'Brexit', stating that it is his 'duty' to give an honest account on what the outcomes of the UK Referendum vote could have on the national economy.  BoE Governor Mark Carney Spoke before a House of Lords Committee on Thursday. The Bank of England (BoE) has ostensibly been an independent organization since an act of government passed by the newly elected Blair administration in 1997. However, this does not stop politicians summoning leading BoE policymakers for grilling at Westminster with some regularity.

The session was marked by one such appearance, this time from the BoE’s present Governor Mark Carney before a House of Lords committee. The attendant Lords were particularly interested in Carney’s forecast for the potential effects of a vote to ‘leave’ the European Union by UK voters in the 23rd June In / Out Referendum. The pound may lose one-quarter of its value if the U.K. votes to leave the European Union in its upcoming referendum, the head of a top London hedge fund told CNBC. "If there's a 'Brexit,' the currency is going to fall a great deal from here; so estimates range, but 25 percent is a possible estimate," Jonathan Martin, CEO and chief risk officer of London-based Markham Rae, told CNBC on Tuesday at the Investors Choice Awards.

 

There will be no data releases from the UK on Monday. In the US session New Home Sales figures will be published. Analysts are predicting increase 521,000.

 

Figures to watch:

 

New Home Sales (Monday 16:00)

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