Bank of England Gov Bailey Speaks
Event Date: Thursday, August 6, 2020
Event Time: 11:30 CET
Updated Tuesday, August 4, 2020
The Governor of the Bank of England Bailey is due to speak during the press conference, following the BOE rate decision. Audience questions are expected, so it will get interesting. Personally, I would be interested in hearing what they have to say because the UK is going through some more regional lock-downs, which should weaken the economy. Will the BOE indicate further actionsin the months ahead? Please follow us for live coverage of this event by experienced market analysts.
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About Bank of England Gov Bailey Speaks
Mark Carney is the Governor of the Bank of England (BOE) from July 2013-June 2021. As head of the BOE, he is the most influential person regarding their monetary policy and, therefore, the value of the currency. In his public speeches and press conferences, Mark Carney often speaks about inflation and economics. Forex traders try to interpret his comments trying to make out hints regarding the monetary policy. Volatility is expected during his speeches. This is positive for the currency if his comments sound more hawkish than expected.