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There is a 77.78% chance of GBPUSD trending upwards

Based on past Canada BoC Interest Rate Decision news events there is a 77.78% chance of GBPUSD trending upwards. We expect this to happen because the released value is = 5%. A price movement of 212 pips is expected.

Historical events that allowed us to draw this conclusion

08 Mar 15:00
25 Jan 15:00
07 Sep 14:00
01 Jun 14:00
13 Apr 14:00
08 Dec 15:00
28 Oct 14:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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