Based on the last 12 BoE Interest Rate Decision events in United Kingdom, we expect a $0.291 movement on HG within 48 hours following the event release at 06 Aug 06:00. We expect HG to trend downwards 48 hours following the event release at 06 Aug 06:00 if the released value is = 0.1%
Historical events that allowed us to draw this conclusion
26 Mar 12:00 |
30 Jan 12:00 |
19 Dec 12:00 |
07 Nov 12:00 |
19 Sep 11:00 |
01 Aug 11:00 |
20 Jun 11:00 |
21 Mar 12:00 |
07 Feb 12:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
