Bank of England Gov Carney Speaks
BOE Governor to Speak Ahead of the EU Summit
Starts Wednesday, October 17, 2018 at 20:25
Updated Monday, October 15, 2018
The Chairman of the Bank of England Mark Carney is to speak at the Economic Club of New York luncheon. We don't know if he will touch the monetary policy, but this speech comes during the last official EU summit where a decision is likely to be taken on Brexit, either positive or negative. Because of this, we expect the impact on the GBP from Carney's speech to be limited this time. Please follow us for live coverage of this event and the impact it might have on the currency 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.