Governor of the Bank of England Mark Carney Speaks
Bank of England Gov Carney Speaks
Is Carney Going to Turn Totally Dovish as UK Economy Edges Closer to Recession, or Will He Remain on a Wait-and-See Mode for the New PM?
Starts Thursday, August 1, 2019 at 11:29
Updated Wednesday, July 24, 2019
The Governor of the Bank of England mark Carney is due to speak during the press conference. Audience questions are expected, so it will get interesting. Personally, I would be interested in hearing what they have to say because they have shifted to dovish now and considering that the UK economy is heading into recession, they should turn even more dovish. i think they will acknowledge the economic conditions but they might just wait this time to see what Boris Johnson will make of Brexit. 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.