BOE Gov King Speaks

Speaker BOE Governor Mervyn King;
Description Due to speak at the Institute of Directors dinner, in Liverpool;
Usual Effect More hawkish than expected = Good for currency;
FF Notes BOE Governor Jul 2003 – Jun 2013. Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues;
Why Traders
Care
As head of the central bank, which controls short term interest rates, he has more influence over the nation’s currency value than any other person. Traders scrutinize his public engagements as they are often used to drop subtle clues regarding future monetary policy;
Acro Expand Bank of England (BOE);

Comments are closed.