Mark Carney is due to speak at 21:30 in the Bank of England's Quarterly Inflation Report and the question traders are asking is whether Governor Carney will...
Chris Weston
Pepperstone
Mark Carney is due to speak at 21:30 in the Bank of England's Quarterly Inflation Report and the question traders are asking is whether Governor Carney will push back, or even the current forward guidance the bank currently has with regards to raising interest rates. Given the slack in the economy there are many who feel this is a reality and thus we could see sterling weaken if this plays out. I am not sure this will however and feel there is an above 50% chance they leave the guidance as it is (i.e to raise rates when unemployment hits 7%), although Mr Carney could offset this with dovish narrative. Either way it will be an interesting day for sterling.
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Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market price action and advise on actionable trade ideas and investments in multiple asset classes.
Chris Weston
Head of Research
Pepperstone
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...
Expertise
Chris Weston
Head of Research
Pepperstone
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...
Expertise
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