{"id":2739,"date":"2009-02-12T08:45:51","date_gmt":"2009-02-12T08:45:51","guid":{"rendered":"https:\/\/mmm.9dotdigital.ca\/?p=2739"},"modified":"2025-03-27T15:48:47","modified_gmt":"2025-03-27T15:48:47","slug":"king-speaks-sterling-falls-update","status":"publish","type":"post","link":"https:\/\/mmm.9dotdigital.ca\/?p=2739","title":{"rendered":"King speaks, sterling falls &#8211; update"},"content":{"rendered":"<p>An <a href=\"http:\/\/www.moneymovesmarkets.com\/journal\/2008\/12\/12\/king-speaks-sterling-falls.html\">earlier post<\/a> drew attention to a statistical tendency for the exchange rate to weaken when Bank of England Governor Mervyn King gives a speech or appears at an <em>Inflation Report<\/em> press conference. In 12 such instances between August 2007 and November 2008, the average daily fall in the sterling effective index was 0.5%.<\/p>\n<p>Mr. King gave a dinner speech on 20 January and presented at yesterday&rsquo;s press conference. The sterling index dropped by 1.6% on 21 January and 1.5% yesterday. Intriguingly, it also fell on the preceding days &ndash; by 2.7% on 20 January and 1.3% on Tuesday. Are markets beginning to anticipate the &ldquo;King effect&rdquo;?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>An earlier post drew attention to a statistical tendency for the exchange rate to weaken when Bank of England Governor Mervyn King gives a speech or appears at an Inflation Report press conference. In 12 such instances between August 2007 and November 2008, the average daily fall in the sterling effective index was 0.5%. Mr. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2739","post","type-post","status-publish","format-standard","hentry","category-money-moves-markets"],"_links":{"self":[{"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/posts\/2739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2739"}],"version-history":[{"count":1,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/posts\/2739\/revisions"}],"predecessor-version":[{"id":5048,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/posts\/2739\/revisions\/5048"}],"wp:attachment":[{"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}