Based on the last 12 Balance of Trade events in United Kingdom, we expect a 305 pip movement on GC within 2 hours following the event release at 13 Jan 09:30 UTC. We expect GC to trend upwards 2 hours following the event release at 13 Jan 09:30 UTC if the released value is > £-3.2B
Historical events that allowed us to draw this conclusion
09 Sep 08:30 |
09 Aug 08:30 |
10 Jul 08:30 |
10 Jun 08:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
