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We expect GBPUSD to trend downwards with a 70% chance.

Based on past United Kingdom BoE Interest Rate Decision news events there is a 70% chance of GBPUSD trending downwards. We expect this to happen because the released value is = 5.25%. A price movement of 147 pips is expected.

Historical events that allowed us to draw this conclusion

11 May 11:00
02 Feb 12:00
15 Dec 12:00
22 Sep 11:00
04 Aug 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”).

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