Based on the last 12 BoE Interest Rate Decision events in United Kingdom, we expect KC to trend downwards later today. Based on these past events there is a 75% chance of this. We expect KC to trend downwards 48 hours following the event release at 17 Sep 11:00 if the released value is = 0.1%. A price movement of 900 pips is expected.
Historical events that allowed us to draw this conclusion
18 Jun 11:00 |
26 Mar 12:00 |
30 Jan 12:00 |
19 Dec 12:00 |
01 Aug 11:00 |
02 May 11:00 |
21 Mar 12:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
