Today sees another appearance by BOE gov Mark Carney and associated personnel (Ben Broadbent, David Miles and Martin Weale) in front of the Treasury Select Committee, composed of UK parliamentarians
The testimony is centred around the latest BOE inflation report and is a regular event which markets view for any shreds of new material from Carney & Co. Sometimes we get surprises,sometimes we don't, but it is a risk event and should be respected by all of you in GBP positions
All the recent talk has been of negative inflation and not ruling out the possibility of cutting interest rates/increasing QE but with a current rider that the next move will be up
Any divergence from this position/suggestion of more dovish tones will see GBP under pressure again if only in a knee-jerk within the current cable range of 1.5332-1.5475 with EURGBP still delicately poised here at 0.7330 within 0.7300-50 and other GBP pairs such as GBPCAD and GBPJPY also very much in play right now too
More defiant/hawkish tones may see a test of 1.5500 stop losses
Watch Carney & Co in action here and also at the Bank of England site here
Prior to Carney we have MPC member Kristin Forbes giving a speech at the Institute of Economic Affairs 32nd Annual conference at 09:10 GMT, the text of which will be released in full here
We'll bring you all the key elements right here of course too, and for a complete view of the week's many central bank activiities check out Ryan's excellent post here
