What is it? Governor Carney is due to participate in a panel discussion titled "Central Banking: The Way Forward" at the International Symposium of the Banque de France, in Paris.
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.
Usual Effect: If the announcement will hint towards higher interest rates, you can expect the GBP to rise.
When? November 7th at 5:15am Eastern Time.
Trading Tip: If the announcement will hint towards higher interest rates, you can expect the GBP to rise.
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