United Kingdom GBP

United Kingdom BoE Haldane Speech

Impact:
Medium
Source: Bank of England

Next Release:

Date:
Period:
What Does It Measure?
The Bank of England (BoE) Haldane Speech measures the views of the Chief Economist of the BoE, Andy Haldane, regarding the current state of the UK economy and monetary policy. Its primary focus is on economic outlook, inflation expectations, and potential monetary policy measures, assessing the broader implications for monetary stability and growth in the UK.
Frequency
The speech occurs irregularly, typically released in conjunction with economic conferences or special events, and is not bound to a specific timetable.
Why Do Traders Care?
Traders pay close attention to the BoE Haldane Speech as it provides insights into the central bank's monetary policy considerations, influencing expectations for interest rates. This can, in turn, affect the valuation of the British Pound (GBP), as well as influencing equities and bond markets due to its implications on future economic stability and growth prospects.
What Is It Derived From?
The content of the speech is derived from Haldane's analysis of economic data, research studies, and theoretical frameworks concerning the UK economy. The insights are often based on extensive data collection and modeling practices employed by the Bank of England to understand inflation dynamics, employment trends, and overall economic health.
Description
The Haldane Speech often discusses recent economic indicators and their potential ramifications for monetary policy, providing a platform for the Chief Economist to communicate the Bank's stance on pressing economic issues. The preliminary remarks may gauge market sentiment and influence expectations before formal policy announcements, while final outcomes in subsequent reports may shift sentiment based on actual actions taken or proposed.
Additional Notes
The BoE Haldane Speech serves as a leading economic measure, signaling potential shifts in monetary policy based on economic conditions. It can be compared to other monetary policy announcements and speeches by BoE officials, providing context within broader economic trends and the central bank’s stance relative to other global economic indicators.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise