Important Economic Event: BoE Governor Carney Speaks/Inflation Report Hearings - 10:00 GMT, 25 November 2014 The Bank of England (#BoE) inflation report hearings are an important market event that cause significant volatility in the market as the BoE Governor, Mark #Carney, takes the stage to discuss inflation in the UK. Previous comments from the BoE Governor saw traders pricing in the possibility of weak inflation data from the UK for the next 6 months, as Carney state that he expects UK inflation to remain around 1%. Weak inflation in the UK affects the possibility of a rate hike in the UK economy, because inflation is pegged to forward guidance. As inflation remains below the 2% inflation target, the possibility of a rate hike disappears further into the future. Key assets to watch: #GBP/ #USD, GBP/ #JPY, GBP/ #AUD Trade Smarter with CWM FX - visit us at cwmfx and start trading #Forex today!
Posted on: Tue, 25 Nov 2014 09:20:11 +0000