GBPUSD may trend downwards for the next 48 hours. Based on these past United Kingdom BoE Interest Rate Decision news events there is a 72.73% chance of this. Our expectation is based on that fact that the released value is = 1.25%. A price movement of 351 pips could be expected.
Historical events that allowed us to draw this conclusion
05 May 11:00 |
17 Mar 12:00 |
03 Feb 12:00 |
04 Nov 12:00 |
05 Aug 11:00 |
24 Jun 11:00 |
18 Mar 12:00 |
17 Dec 12:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
