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BoE's Lombardelli speech

Clare Lombardelli became Bank of England's (BoE) Deputy Governor for monetary policy on July 2024. Lombardelli, who was appointed for a five-year term, is also a member of the Monetary Policy Committe (MPC), which decides on interest rates. Lombardelli has specific responsability within the BoE for monetary analysis, the research agenda and the Centre for Central Banking Studies. She started her carrer at the BoE, then worked for several years at the HM Treasury - where she held a variety of senior roles - and was also Chief Economist at the OECD. She has also worked at the IMF as a Technical Advisor.

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Monday 25 November 2024 09:00

The typical/expected impact on GBP pairs is medium.

Trading range

Economic context

Recent economic data has been moderately bearish for GBP. The following recent announcements may affect the market reaction to BoE's Lombardelli speech:

		Previous	Latest
S&P Global/CIPS Composite PMI	Bearish change	51.8	49.9
S&P Global/CIPS Manufacturing PMI	Bearish change	49.9	48.6
S&P Global/CIPS Services PMI	Bearish change	52	50
Retail Sales (MoM)	Bearish change	0.1%	-0.7%
Retail Sales (YoY)	Bearish change	3.2%	2.4%
Retail Sales ex-Fuel (MoM)	Bearish change	0.1%	-0.9%
Retail Sales ex-Fuel (YoY)	Bearish change	3.2%	2%
GfK Consumer Confidence	Bullish change	-21	-18
Consumer Price Index (MoM)	Bullish change	0%	0.6%
Consumer Price Index (YoY)	Bullish change	1.7%	2.3%
Core Consumer Price Index (YoY)	Bullish change	3.2%	3.3%
PPI Core Output (MoM) n.s.a	Bullish change	0%	0.3%
PPI Core Output (YoY) n.s.a	Bullish change	1.4%	1.7%
Producer Price Index - Output (MoM) n.s.a	Bullish change	-0.4%	0%
Producer Price Index - Output (YoY) n.s.a	Bearish change	-0.6%	-0.8%
Retail Price Index (MoM)	Bullish change	-0.3%	0.5%
Retail Price Index (YoY)	Bullish change	2.7%	3.4%
Gross Domestic Product (MoM)	Bearish change	0.2%	-0.1%
Gross Domestic Product (QoQ)	Bearish change	0.5%	0.1%
Gross Domestic Product (YoY)	Bullish change	0.7%	1%
Industrial Production (MoM)	Bearish change	0.5%	-0.5%
Manufacturing Production (MoM)	Bearish change	1.3%	-1%
Average Earnings Excluding Bonus (3Mo/Yr)	Bearish change	4.9%	4.8%
Average Earnings Including Bonus (3Mo/Yr)	Bullish change	3.9%	4.3%
Claimant Count Change	Bearish change	10.1K	26.7K
Claimant Count Rate	(no change)	4.7%	4.7%
Employment Change (3M)	Bearish change	373K	219K
ILO Unemployment Rate (3M)	Bearish change	4%	4.3%

About BoE's Lombardelli speech

Country:	United Kingdom
Currency:	GBP
Source:	Bank of England
Category:	Central Banks
Frequency:	Irregular

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