Briferendum series: BOE to refrain from taking sides

Today at treasury committee hearing Bank of England (BOE) Governor Mark Carney has cleared the air once and for all that he as a member of central bank monetary policy committee will stay neutral. He cleared that central bank will not make any recommendation. Previously he said that UK benefited largely from being in the union, but also suggesting recent turmoil in Europe has been taking toll on UK.

In recent commentaries, Mr. Carney had suggested that UK's commercial banks would have virtually unlimited liquidity line, so that they don't run out of funds.

However, he also said he is not concerned over Brexit as the central bank has ample tool to lift inflation in the medium term, even if there is turmoil in the short term.

Despite, Mr. Carney's neutrality, some opponent and exit campaign lawmakers have accused that bank of England (BOE) is being played to influence business and public moods by chancellor George Osborne and David Cameron.

After steady rise of consecutive six trading days, Pound has hit a wall of offers, around key resistance 1.425-1.43 area. Pound is currently trading at 1.421 against Dollar.