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.


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...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

trending on livewire
Get the best of Livewire by signing up to our popular daily newsletter