Bank of England speech & news tomorrow

28 July, 2011


Tomorrow sees 3 important events for the Pound:

1. UK unemployment figures (9.30am)
2. Quarterly Bank of England inflation report (10.30am)
3. Bank of England Governer Mervyn King’s speech (10.30am)

It is likely to be a volatile morning on the foreign exchange markets. The unemployment and inflation news are always key for the UK economy and therefore the Pound, and King’s speech will provide economic projections.

Often, King’s speeches are sterling-negative, as the Bank of England tries to maintain realistic expectations in financial markets.