Governor of the Bank of England Mark Carney Speaks
Bank of England Gov Carney Speaks
Not Much Expected From Carney Now That Elections Are Coming
Starts Thursday, November 7, 2019 at 12:30
Updated Monday, November 4, 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 will wait again until elections are held in the UK next month and Brexit takes a course. 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.