Based on the last 12 BoE Interest Rate Decision events in United Kingdom, we expect CL to trend upwards later today. Based on these past events there is a 72.73% chance of this. We expect CL to trend upwards 2 hours following the event release at 2022-09-22 11:00 if the released value is = 2.25%. A price movement of 125 pips is expected.
Historical events that allowed us to draw this conclusion
16 Jun 11:00 |
05 May 11:00 |
17 Mar 12:00 |
03 Feb 12:00 |
04 Nov 12:00 |
23 Sep 11:00 |
05 Aug 11:00 |
06 May 11:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
