Mark Carney’s speech Live Stream - BOE Press Conference Today

FXStreet Team FXStreet

Updated: Watch the new £10 note, featuring Jane Austen, being unveiled at Winchester Cathedral on 18 July 2017.

The Bank of England governor Mark Carney is expected to give a press conference following the meeting of the Bank of England’s committee decision at 12h GMT. Forecasts indicate that rates will remain unchanged and will continue at historic low in 0.25%. So the attention will turn to the tone used by BOE’s governor in his statement and the implications of the new political stage mainly affected by Brexit negotiations.

Key notes

BOE Preview: What to expect of GBP/USD?

It’s BOE ‘Super Thursday’ today, the first one for 2017, with markets unanimously expecting that the BOE will make no change to its monetary policy setting. The British central bank is expected to maintain its refi rate at a historic low of 0.25% and asset purchase target at GBP 435 bn. In accompaniment to the BOE policy decision, we will also have its minutes, which is expected to offer no new surprises and hence, the main risk event for the pound is expected to be the BOE Quarterly Inflation Report (QIR).

Last Interest Rate change from the Bank of England was on August 4th 2016. At the same time, the BOE authorised the purchase of up to £10 billion of UK corporate bonds; and an expansion of the asset purchase scheme for UK government bonds of £60 billion, taking the total stock of these asset purchases to £435 billion.

CentralBank	CurrentInterestRate	NextMeeting	LastChange
Bank of England	0.25 %	Feb 2, 12:00 GMT	Aug 4, 11:00 GMT

About Mark Carney

Mark Carney is Governor of the Bank of England and Chairman of the Monetary Policy Committee, Financial Policy Committee and the Board of the Prudential Regulation Authority. His appointment as Governor was approved by Her Majesty the Queen on 26 November 2012. The Governor joined the Bank on 1 July 2013.

Author

FXStreet Team

FXStreet

EUR/USD struggles aroound 1.1800 as USD stabilizes

EUR/USD stays defensive around 1.1800 in the European session on Thursday. The US Dollar stabilizes, following the recent decline led by tariff uncertainty, capping the pair's upside. All eyes now remain on the US-Iran nuclear talks after ECB President Lagarde's testimony fails to impress Euro bulls.

GBP/USD drops toward 1.3500 as USD finds fresh demand

GBP/USD falls back toward 1.3500 in the European session on Thursday, snapping its recovery momentum. The pair loses traction as the US Dollar finds fresh demand, as markets turn cautious ahead of the US-Iran nuclear talks. The US trade policy uncertainty also remains a drag on risk sentiment.

Gold clings to gains amid sustained safe-haven flows ahead of US-Iran talks

Gold sticks to its modest intraday gains through the first half of the European session on Thursday, with bulls still awaiting a sustained move and acceptance above the $5,200 mark before placing fresh bets.

Stellar: Relief bounce fades as bearish undertone persists

Stellar is trading around $0.16 at the time of writing on Thursday after rebounding more than 8% in the previous day. Derivatives data paints a negative picture as XLM’s short bets hit a monthly high while Open Interest continues to decline.

The one thing everyone is on the lookout for is US action of some sort against Iran

The FX market is minestrone soup these days. It is befuddled by conflicting data, rumors and small stories exaggerated out of proportion, and Trump-generated uncertainty.

Solana strikes key resistance with double-digit gains

Solana trades at $88 at press time on Thursday, after an 11% upswing the previous day within a broader consolidation range of roughly three weeks. Institutional demand for Solana heightens as US spot SOL Exchange Traded Funds record $30 million of inflow on Wednesday.