Based on the last 12 Balance of Trade events in United Kingdom, we expect a $0.036 movement on HO within 48 hours following the event release at 13 Apr 06:00. We expect HO to trend downwards 48 hours following the event release at 13 Apr 06:00 if the released value is > £-2.2B
Historical events that allowed us to draw this conclusion
12 Mar 07:00 |
12 Nov 07:00 |
09 Oct 06:00 |
12 Aug 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
