Based on the last 12 BoC Interest Rate Decision events in Canada, we expect GBPUSD to trend upwards later today. Based on these past events there is a 70% chance of this. This may happen if the released value is = 4.5%
Historical events that allowed us to draw this conclusion
07 Dec 15:00 |
07 Sep 14:00 |
13 Apr 14:00 |
02 Mar 15:00 |
26 Jan 15:00 |
27 Oct 14:00 |
08 Sep 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
