Based on past United Kingdom BoE Interest Rate Decision news events there is a 75% chance of GBPUSD trending upwards. We expect this to happen if the released value is = 0.75%. A price movement of 54 pips is expected.
Historical events that allowed us to draw this conclusion
20 Jun 11:00 |
02 May 11:00 |
21 Mar 12:00 |
07 Feb 12:00 |
01 Nov 12:00 |
13 Sep 11:00 |
21 Jun 11:00 |
10 May 11:00 |
22 Mar 12:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
