FXStreet (Bali) – Brian Daingerfield, FX Trading Strategist at RBS, shares his thoughts on today’s Bank of England Governor Carney testimony before a Treasury Committee on the BOE bill.
Key Quotes
“Bank of England Governor Carney is due to testify before a Treasury Committee on the Bank of England bill today – while the focus is thus not directly on monetary policy or the growth outlook, the Q&A on the role of the BoE may drift into a discussion of current monetary policy.”
“BoE hawkish dissenter McCafferty is also due to speak today and, in light of moderating data and still-soft inflation, any hint that McCafferty has softened his conviction to hike the policy rate could be seen as a signal of how the committee as a whole will discuss the outlook in the November Quarterly Inflation Report.”
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