Brexit Talk and FED Chair Powell Testimony Put the GBP and USD in Focus

Daily Update - 26th February 2019

Yesterday’s Market

• Bank of England Mark Carney’s Speech
• US Chicago Fed National Activity Index

Yesterday’s Explained

Governor of the Bank of England, Mark Carney, said: “Derivatives can seem far removed from the everyday concerns of households and businesses, but they are essential for everyone to save and invest with confidence. Followed by reports from US Chicago Fed National Activity which showed signs of slowdown in the Investors arena.

 

Today’s Market

• GBP Inflation Report Hearings, UK Prime Minister Theresa May speech
• USD Fed’s Chair Powell Testifies

Today’s Focus

First Markets will be expecting inflation report hearings of UK which is a Key driver for the Interest rate hike decisions for Bank of England Governor and his committee. UK Prime Minister Theresa May is expected to deliver a speech, focusing on the negotiations for Brexit. Federal Reserve Chair Jerome Powell testifies before Congress on a two day meeting, providing a broad overview of the economy and monetary policy.