29 Jan 2014
Flash: Carney to address Scottish Question today? - Investec
FXstreet.com (Barcelona) - Jonathan Pryor, Corporate Treasury Analyst at Investec notes that BoE Governor is due to speak today in Edinburgh, and may address the subject of Scottish Independence.
Key Quotes
"Mark Carney speaks from Edinburgh at GMT 13.15. It is not clear exactly what he will focus on, but it is unlikely to be guidance, since he spoke about this several times in Davos."
"Instead he may well have to discuss a hornets’ nest of Scottish independence and his views on what form the monetary arrangements may take, for example a shared pound, should there be a ‘yes’ vote.”
“We also anticipate a nod towards yesterday’s GDP figures, which saw 0.7% growth for the UK economy in Q4 2013, last year was the first 12 months of uninterrupted growth since 2007, before the global financial crisis. It will be interesting to see the effects on the pound as markets digest Carney’s speech."
Key Quotes
"Mark Carney speaks from Edinburgh at GMT 13.15. It is not clear exactly what he will focus on, but it is unlikely to be guidance, since he spoke about this several times in Davos."
"Instead he may well have to discuss a hornets’ nest of Scottish independence and his views on what form the monetary arrangements may take, for example a shared pound, should there be a ‘yes’ vote.”
“We also anticipate a nod towards yesterday’s GDP figures, which saw 0.7% growth for the UK economy in Q4 2013, last year was the first 12 months of uninterrupted growth since 2007, before the global financial crisis. It will be interesting to see the effects on the pound as markets digest Carney’s speech."