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We expect a $1116 movement on USDCAD within the next 48 hours.

Based on the last 12 BoE Interest Rate Decision events in United Kingdom, USDCAD may trend upwards for the next 48 hours. Based on these past events there is a 70% chance of this. This may happen because the released value is = 5.25%

Historical events that allowed us to draw this conclusion

21 Mar 12:00
01 Feb 12:00
03 Aug 11:00
11 May 11:00
23 Mar 12:00
02 Feb 12:00
15 Dec 12:00

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

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