Based on the last 12 Balance of Trade events in United Kingdom, we expect a 517 pip movement on LE for the next 48 hours. We expect LE to trend upwards for 48 hours because the released value is > £-4.8B
Historical events that allowed us to draw this conclusion
12 Nov 07:00 |
12 Aug 06:00 |
14 Jul 06:00 |
12 Jun 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
