Based on past United Kingdom Balance of Trade news events there is a 83.33% chance of SI trending upwards. We expect this to happen if the released value is > £-4.8B. A price movement of 191 pips is expected.
Historical events that allowed us to draw this conclusion
12 Nov 07:00 |
09 Oct 06:00 |
12 Aug 06:00 |
12 Jun 06:00 |
11 Mar 09:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
