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GBP/USD Daily Forecast - 26 June

Monday, Jun 25 2018
GBP/USD Daily Forecast - 26 June

There were no data releases from the UK yesterday. Ian McCafferty, who has a reputation for being the Monetary Policy Committee’s most hawkish member, will on Tuesday give what is likely to be his final speech before he leaves the bank in August. At the same time, Jonathan Haskel, the man chosen to replace him, will make his first public appearance in his new capacity before lawmakers in Westminster, where he may give the first signs of his views on policy.

In the US session New Home Sales figures were released. Sales of new single-family houses in May 2018 were at a seasonally adjusted annual rate of 689,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 6.7 percent above the revised April rate of 646,000 and is 14.1 percent above the May 2017 estimate of 604,000. The median sales price of new houses sold in May 2018 was $313,000. The average sales price was $368,500.

There will be no major data releases from the UK tomorrow. In the US session Consumer Confidence figures will be published. Analysts predict decline to 127.6.

Figures to watch:

CB Consumer Confidence (Tuesday 15:00)

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