Based on the last 12 Balance of Trade events in United Kingdom, we expect S to trend upwards later today. Based on these past events there is a 75% chance of this. We expect S to trend upwards 12 hours following the event release at 11 Mar 07:00 if the released value is < £-3.7B. A price movement of 1,800 pips is expected. Historical events that allowed us to draw this conclusion
10 Sep 06:00 |
12 Aug 06:00 |
13 Apr 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
