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We expect a $6250 movement on GBPUSD within the next 48 hours.

Based on the last 12 BoE Interest Rate Decision events in United Kingdom, we could see a $6250 movement on GBPUSD within the next 48 hours. GBPUSD could trend downwards for the next 48 hours because the released value is = 5.25%

Historical events that allowed us to draw this conclusion

14 Dec 12:00
11 May 11:00
23 Mar 12:00
02 Feb 12:00
15 Dec 12:00
22 Sep 11:00
04 Aug 11:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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