Based on the last 12 Balance of Trade events in United Kingdom, we expect 6M to trend upwards right now. Based on these past events there is a 85.71% chance of this. We expect 6M to trend upwards for the next 48 hours because the released value is > £0.6B. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
12 Aug 06:00 |
14 Jul 06:00 |
12 Jun 06:00 |
11 Feb 09:30 |
10 Oct 08:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
