Jackson Hole Could Give GBP/USD Direction - 26 August 2020
Given a quiet week ahead, and an absence of fundamental data largely through next week, the Pound Sterling will get direction from the upcoming events at the Economic Symposium in Wyoming.Most notably for Sterling will be the speech from Andrew Bailey, head of the Bank of England. Analysts don't expect any surprises from Bailey, however, but will still scrutinize his speech for any nuance that could offer clues as to the BoE's future policy intent. Also of relevance, this week at Jackson Hole will be the Fed's Jerome Powell's highly-anticipated discussion. Analysts believe Mr. Powell will push...
Can you hear me now? Fed's Powell learns to communicate
Washington (AFP) - Explaining the nuance of monetary policy to the public is always a challenge, but Federal Reserve Chairman Jerome Powell has discovered the hard way the downside of trying to be too clear.Powell, who has been on the job for just a year, saw late last year how a single misplaced phrase can roil financial markets cause weeks of stock declines.And starting with the policy meeting this week, he will have ample opportunity to sink or swim, since he will give a press conference after every meeting, eight times a year rather than four.He had a bumpy ride in the final weeks of 2018 ...