UK: Post BoE, Mansion House event to garner attention - TDS

This evening, we have the annual Mansion House bankers and merchants dinner, where both BoE Governor Carney and Chancellor of the Exchequer Hammond are speaking and with no press conference following today’s BoE statement and minutes, tonight’sMansion House event will provide Carney with a good opportunity to deliver an updated view after the last few weeks of pre-election purdah, explains the analysis team at TDS.

Key Quotes

“Chancellor Hammond’s speech could end up being the bigger market mover though; there has been speculation in the press that he could use the speech to advocate for a softer Brexit and putting the economy first. If he does break that publicly from the government’s stated stance, that would likely see markets pricing in a higher chance of a smoother Brexit outcome. The Governor’s speech is embargoed until 9pm BST, and we understand that the same applies to the Chancellor’s speech.”