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!
Risk Warning: The information above constitutes Marketing Communication and does not constitute Investment Advice or Investment Research. The content of the analysis represents the view of our experts on a generic basis, and do not take into consideration individual readers personal circumstances, investment experience or current financial situation. In addition, the analysis above has not been prepared in accordance with legal requirements designed to promote the independence of Investment Research. Readers using the above information should consider the possibility of encountering substantial losses. Therefore, UR Trade Fix Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the above analysis.” Further to the above ,Forex Trading involves a substantial Risk of Loss and may not be suitable for all Investors. Please see our Website for details regarding UR Trade Fix Limited’s Trading Terms, Policies and Offerings.Read more.