Based on the last 12 BoE Interest Rate Decision events in United Kingdom, we expect ZC to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect ZC to trend downwards 2 hours following the event release at 2024-11-07 12:00 if the released value is = 4.75%. A price movement of 14 pips is expected.
Historical events that allowed us to draw this conclusion
20 Jun 11:00 |
09 May 11:00 |
02 Nov 12:00 |
03 Aug 11:00 |
11 May 11:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
