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We expect a 199 pip movement on AUDUSD within 48 hours following the event release.

Based on the last 12 BoE Interest Rate Decision events in United Kingdom, we expect AUDUSD to trend downwards later today. Based on these past events there is a 72.73% chance of this. We expect AUDUSD to trend downwards 48 hours following the event release at 2023-02-02 12:00 if the released value is = 4%. A price movement of 199 pips is expected.

Historical events that allowed us to draw this conclusion

15 Dec 12:00
22 Sep 11:00
04 Aug 11:00
05 May 11:00
03 Feb 12:00
04 Nov 12:00
23 Sep 11:00
05 Aug 11:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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