Based on the last 12 BoE Interest Rate Decision events in United Kingdom, we expect a $250.711 movement on USDCAD within 4 hours following the event release at 07 Nov 12:00. We expect USDCAD to trend upwards 4 hours following the event release at 07 Nov 12:00 if the released value is = 0.75%
Historical events that allowed us to draw this conclusion
20 Jun 11:00 |
02 May 11:00 |
21 Mar 12:00 |
07 Feb 12:00 |
20 Dec 12:00 |
01 Nov 12:00 |
13 Sep 11:00 |
10 May 11:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
