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We expect YM to trend upwards today.

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”).

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