Based on the last 12 BoE Interest Rate Decision events in United Kingdom, we expect USDCAD to trend upwards later today. Based on these past events there is a 81.82% chance of this. This may happen if the released value is = 4.5%
Historical events that allowed us to draw this conclusion
23 Mar 12:00 |
02 Feb 12:00 |
15 Dec 12:00 |
22 Sep 11:00 |
04 Aug 11:00 |
16 Jun 11:00 |
05 May 11:00 |
03 Feb 12:00 |
04 Nov 12:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
