Tuesday seems like a sluggish day. No more economic data in the pipeline today.
GBP: BOE Gov Bailey Speaks at 10:30 PM
Measures: Due to speak about the economic landscape at an event hosted by the Official Monetary and Financial Institutions Forum, in London. Audience questions expected.
BOE Governor Mar 2020 – Mar 2028. Volatility is often experienced during his speeches as traders attempt to decipher interest rate clues.
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.
Source: Forex Factory
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