Market Brief May 22nd: BoE Gov. Carney Speaks


The Hong Kong stock exchange will be off for the day celebrating Buddha’s birthday. Traders can expect the exchange to be resuming standard trading activity on Wednesday, May 23rd.

The United Kingdom

GBP, 09:15 a.m. GMT + 1, BoE Gov Carney Speaks – the head of the Central Bank in the United Kingdom, Mark Carney is due to make comments on monetary policy with direct impact on the sterling. The governor has the most powerful influence on the valuation of the currency over any other policy maker. Comments are widely and carefully followed by financial institutions and traders alike. Especially important are comments on short-term interest rates.

GBP, 10:00 a.m. GMT + 1, Inflation Report Hearings- another major market catalyst for the cable. The Governor of the Bank of England and some members of the Monetary Policy Committee are to testify before the Treasury Committee of the Parliament on the levels of inflation and outlook for the U.K. economy.

 

Wishing you Happy and Successful Trading!

 

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