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The Brexit drama may have cooled down for now, but sterling still sunk to a weak spot against its rivals last week. Can this week’s events change that?

BOE Governor Carney’s speech (Apr. 29, 8:10 am GMT)

Central bank head honcho Carney is scheduled to give a testimony at the Innovate Finance Global Summit in London this week, and traders are hopeful to glean some clues on monetary policy.

His earlier speech the other week hasn’t been all that groundbreaking, barely containing any tightening clues or eliciting a strong reaction from pound pairs.

This time, though, his speech comes ahead of the BOE monetary policy decision later in the week so he might have some spoilers for the big event.

BOE Super Thursday (May 2, 11:00 am GMT)

Brace yourselves, pound traders. Super Thursday is coming!

Not only will the central bank announce its decision whether or not to keep policy unchanged, but it will also release the Inflation Report that contains their updated economic forecasts. Apart from that, the minutes of their huddle are also due.

Interest rates and asset purchases are likely to be maintained at current levels, but traders are keen to find out if policymakers will adjust their forecasts higher to account for recent upside surprises in data. Recall that top-tier reports have been suggesting that the U.K. economy is keeping calm and carrying on through the Brexit mess.

Now that the EU has granted an extension all the way until October 31, the BOE might also be in a better position to signal scope for tightening. After all, inflation has been elevated while consumer spending has been crushing expectations for four consecutive months.

Note that BOE Guv’nah Carney has another speech coming up after the official announcement and will be responding to questions during the presser.

Missed last week’s price action? Read GBP’s price recap for April 22-26!