Based on the last 12 Balance of Trade events in United Kingdom, we expect SP to trend upwards. Based on these past events there is a 75% chance of this. We expect SP to trend upwards for 2 hours because the released value is < £-1.7B. A price movement of 2,619 pips is expected. Historical events that allowed us to draw this conclusion
09 Apr 06:00 |
10 Dec 09:30 |
11 Nov 09:30 |
10 May 08:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
