Hirose News|August 12, 2013 2:58 PM

some announcements that may impact the markets this week


Below are some announcements that may impact the markets this week:




GBPUSD has strengthened to a 7 week high as Mr. Carney (our new BoE Governor) made a clear commitment to keep interest rates on hold until unemployment fell below 7%.  He reiterated the need to bring down inflation. GBPUSD made sharp move downwards before rallying (reaching 1.5573 today).   Now that we know what BoE rates announcements will be (certainly for the next 12 months and possibly more) it will be interesting to see how the market interprets other figures and whether volatility will reduce for this particular currency pair.