Based on the last 12 BoE Interest Rate Decision events in United Kingdom, we expect ZT to trend upwards later today. Based on these past events there is a 66.67% chance of this. We expect ZT to trend upwards 4 hours following the event release at 07 Nov 12:00 if the released value is = 0.75%. A price movement of 15 pips is expected.
Historical events that allowed us to draw this conclusion
19 Sep 11:00 |
01 Aug 11:00 |
20 Jun 11:00 |
07 Feb 12:00 |
01 Nov 12:00 |
13 Sep 11:00 |
02 Aug 11:00 |
21 Jun 11:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
