What is it? Governor Carney is due to hold a press conference, along with other MPC members, about the Inflation Report, in London.
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.
When? May 13th at 5:30am Eastern Time.
Trading Tip: If the announcement will hint towards higher interest rates, you can expect the GBP to rise.
Ask us about our FREE financial advice program:
Other Top Stories:
Technical Analysis Lesson 1 - Introduction
Technical Analysis Lesson 2 - The Basic Assumptions
How I Made Over $30,000 a Year by Investing in Binary Options
Follow us and SHARE this story on Facebook: