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We expect a $250.711 movement on USDCAD within 4 hours following the event release at 07 Nov 12:00.

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”).

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We expect a $205.975 movement on UB within 2 hours following the event release at 07 Nov 12:00.

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