5:30am NY Time UK BOE Inflation Report
ACTION: N/A
Bank of England (BOE) will release its inflation report for the quarter, this report will contain BOE’s inflation target for the next two years, along with reasons of recent decisions in BOE’s monetary policy. This report, as defined by BOE itself:
“…It serves two purposes. First, its preparation provides a comprehensive and forward-looking framework for discussion among MPC members as an aid to our decision making. Second, its publication allows us to share our thinking and explain the reasons for our decisions to those whom they affect.”
Obviously this report is going to have a huge impact to the market, as the future medium-term trend of Sterling may depend on it. I will be looking for comments over the outlook of UK’s recovery, and/or any mentions of the current stimulus package. If there is a significant revision to the previous release, which you can get in from the official BOE website, then we could see the market react to it with extreme volatility. Of course, no one knows how this report would affect the Sterling until its release.
BOE Governor King will also hold a press conference to discuss this report and provide further clarification. Needless to say, the press conference itself will be highly volatile as well, but I do expect both events to move in the same direction…
I’ll be trading this release live, and I’ll post the videos back as soon as I can.
Related posts:
- Canada BOC Monetary Policy Report 10/22/09
- UK MPC Meeting Minutes 08/19/09
- Forex News Trading EU ECB Interest Rate Decision 05/05/11
- UK BOE MPC Official Bank Rate Decision 11/05/09
- ECB Trichet Press Conference 11/05/09
- UK Manufacturing PMI m/m 12/01/09
- ECB Trichet Press Conference 12/03/09
- Forex News Trading UK Revised GDP q/q 5/25/11
- BOE MPC Official Bank Rate Decision 10/08/09
- ECB Trichet Press Conference 10/08/09
