Based on the last 12 BoC Interest Rate Decision events in Canada, we expect a $1010 movement on GBPUSD within 4 hours following the event release at 2023-04-12 14:00. We expect GBPUSD to trend upwards 4 hours following the event release at 2023-04-12 14:00 if the released value is = 4.5%
Historical events that allowed us to draw this conclusion
08 Mar 15:00 |
25 Jan 15:00 |
07 Dec 15:00 |
07 Sep 14:00 |
13 Apr 14:00 |
02 Mar 15:00 |
26 Jan 15:00 |
27 Oct 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
