Based on the last 12 BoE Interest Rate Decision events in United Kingdom, a $1,360 movement could occur on EURUSD within 4 hours following the event release at 05 May 11:00. We expect EURUSD to trend upwards 4 hours following the event release at 05 May 11:00 if the released value is = 1%
Historical events that allowed us to draw this conclusion
17 Mar 12:00 |
03 Feb 12:00 |
04 Nov 12:00 |
23 Sep 11:00 |
05 Aug 11:00 |
24 Jun 11:00 |
06 May 11:00 |
17 Dec 12:00 |
05 Nov 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
