Based on the last 12 Balance of Trade events in United Kingdom, we expect a 0 pip movement on NE within 12 hours following the event release at 11 Nov 07:00 UTC. We expect NE to trend downwards 12 hours following the event release at 11 Nov 07:00 UTC if the released value is > £-3.4B
Historical events that allowed us to draw this conclusion
11 Jun 06:00 |
12 May 06:00 |
12 Mar 07:00 |
12 Nov 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
