Mark Carney: Press Conferences and Journalists Question

mark carney: That's why the Bank of England will be mortified that some traders have been listening to its press conferences before the rest of the City was able to, according to The Guardian. Those press conferences regularly move currencies, shares and bonds, as journalists question the Bank's governor, Mark Carney, about the state of the economy and the prospect of interest rate changes. But in the modern financial world, it's a valuable head start that can give traders a crucial edge. Sterling traders learned this lesson during an inflation report press conference in February, in which the governor discussed the bank's assessment of the UK economy. But it then quickly rallied, spiking to 1.2997 after Carney said a reduction in Brexit uncertainty would help the economy. The pound slumped to a two-week low of 1.2854 when the Bank issued its worst growth forecasts in a decade. (news.financializer.com). As reported in the news.