We expect a $1310 movement on GBPUSD within the next 12 hours. We expect GBPUSD to trend downwards 12 hours following the BoE Interest Rate Decision events in United Kingdom release because the released value is = 5.25%. A price movement of 131 pips is expected.
Historical events that allowed us to draw this conclusion
11 May 11:00 |
23 Mar 12:00 |
02 Feb 12:00 |
15 Dec 12:00 |
22 Sep 11:00 |
05 May 11:00 |
17 Mar 12:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
