Bank of England Deputy Governor Monetary Policy Broadbent Speech is always closely monitored by analysts.
Benjamin Robert Hamond Broadbent is a British economist and has been Deputy Governor for Monetary Policy at the Bank of England since 2014. Mr Broadbent often speaks in public: in addition to regular speeches, he participates in international economic forums, speaks at congresses and conferences, and announces BoE's official statements.
Mr Broadbent has access to the full information on the intentions of the BoE Monetary Policy Committee and the opinions of its separate members.
If Benjamin Broadbent's rhetoric suggests possible developments in the future monetary policy, such as the upcoming tightening or easing, this may have a short-term effect on the pound sterling quotes. If Broadbent positively characterizes the British labor market or states the inflationary growth, this can also be seen as positive for GBP quotes. All these factors can give investors a hint of a near-term increase in the BoE's interest rate.