Another quiet night as far as data releases go, but it is still a significant night/morning as arguably the three most prominent central bank officials deliver speeches at different engagements.

In the early hours of tomorrow, Fed Reserve Chair Janet Yellen, will be speaking at the British Academy in London. As the head of the central bank in the US, what she has to say in terms of monetary policy and economic outlook is significant. Markets look to these events to hear the opinions of the Fed Chair as they may get further understanding of the collective thinking of the Fed Reserve Board. Markets may also get hints as to when the next interest rate movement is likely to occur.

Later tonight, ECB President, Mario Draghi, is due to speak. As with Yellen, what Draghi has to say about monetary policy and economic outlook is quite important. As Europe continues its economic recovery, it will be interesting to see what language is used by Draghi when commenting on future monetary policy decisions. The ECB also has a huge bond buying program which is one of its tools to aid in economic recovery. This policy tool has come under fire by some in Europe for being too accommodating. So far, Draghi has defended the program. Will this defence continue?

Not long after Draghi speaks, BoE Governor, Mark Carney, is due to speak. He will be speaking about the BoE Financial Stability Report that is released a shortly beforehand. As Brexit negotiations begin and a new Government is formed in the UK (albeit a minority Government), it will be vital to hear the comments made by the central bank Governor due to the period of instability that the UK has gone through and continues to go through. An interesting discussion will be around the BoE’s bond buying program. Like Europe, this program is one of the central bank’s main monetary policy levers. However, in the last interest rate meeting, the vote to continue the bond buying program in its current form was a lot closer than in previous meetings. Could this be a sign that policy makers are looking to change the monetary policy settings within the UK?

As for announcements, the UK is releasing CBI Realised Sales and the US its CB Consumer Confidence & Richmond Manufacturing Index. Finally, Fed Reserve Members, Patrick Harker & Neel Kashkari, are due to speak.