Based on the last 12 BoE Interest Rate Decision events in United Kingdom, we expect a 26 pip movement on USDCAD within 2 hours following the event release at 2024-12-19 12:00. We expect USDCAD to trend downwards 2 hours following the event release at 2024-12-19 12:00 if the released value is = 4.75%
Historical events that allowed us to draw this conclusion
07 Nov 12:00 |
01 Aug 11:00 |
20 Jun 11:00 |
09 May 11:00 |
21 Mar 12:00 |
01 Feb 12:00 |
14 Dec 12:00 |
02 Nov 12:00 |
03 Aug 11:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
