We expect PA to trend upwards later today. Based on these past United Kingdom Balance of Trade news events there is a 66.67% chance of this. We expect this to happen if the released value is < £-2.2B. A price movement of 1,034 pips is expected. Historical events that allowed us to draw this conclusion
10 May 08:30 |
10 Apr 08:30 |
11 Feb 09:30 |
11 Jan 09:30 |
10 Dec 09:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
