Based on the last 12 BoE Interest Rate Decision events in United Kingdom, we expect YM to trend upwards later today. Based on these past events there is a 72.73% chance of this. We expect YM to trend upwards 4 hours following the event release at 03 Feb 12:00 if the released value is = 0.5%. A price movement of 35,950 pips is expected.
Historical events that allowed us to draw this conclusion
23 Sep 11:00 |
05 Aug 11:00 |
24 Jun 11:00 |
06 May 11:00 |
18 Mar 12:00 |
04 Feb 12:00 |
05 Nov 07:00 |
17 Sep 11:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
