Governor of the Bank of England Mark Carney Speaks
Bank of England Gov Carney Speaks
Governor Carney Holding A Conference in London
Starts Monday, February 25, 2019 at 10:00
Updated Monday, February 25, 2019
Bank of England Governor Mark Carney is due to hold an unscheduled press conference in London. It will likely touch the economic outlook and global trade tensions, but the main topic right now is Brexit, so I think this conference will mostly be about that. The UK is in a middle of a crossroad right now with the Brexit process growing increasingly confusing and the BOE has no clue how this will all end up, just like everyone else. So, don't expect this speech to set the direction for the GBP, since we also have the inflation report from the BOE tomorrow. Please follow us for live coverage of this event by experienced market analysts.
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About Bank of England Gov Carney 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.