BoE Governor to Give Speech Today

BoE Governor to Give Speech Today

The market will be carefully observing the speech given by Andrew Bailey, the Governor of the Bank of England, which will be delivered on Tuesday at 17:00 GMT. Any latest cues about the changes in the exchange rate and future monetary policy of the BoE will be suggested during such public engagements of the governor of the central bank.

 As the speech is given by the head of the Monetary Policy Committee of the Bank of England and has the greatest impact on the value of pound sterling rather than all members of the committee, it will be watched over by the market participants

Fed Governor Waller to Deliver Speech Today

As per the sources from the Board of Governors of the Federal Reserve System, Christopher J.Waller will be delivering the speech on Tuesday at 13:00 GMT and the market participants who are trading in the US dollar quotes are recommended to watch them before making any crucial market decisions, as it could make a short term impact on the values of the currency. The speech is most likely to have a positive effect on the US dollar quotes.