Based on past Canada BoC Interest Rate Decision news events there is a 77.78% chance of GBPUSD trending upwards. We expect this to happen because the released value is = 5%. A price movement of 212 pips is expected.
Historical events that allowed us to draw this conclusion
08 Mar 15:00 |
25 Jan 15:00 |
07 Sep 14:00 |
01 Jun 14:00 |
13 Apr 14:00 |
08 Dec 15:00 |
28 Oct 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
