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We expect a 517 pip movement on LE for the next 48 hours.

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”).

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Chevron moves higher to 111.18 in the last 40 days.

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