We expect a $280 movement on GBPUSD within the next 2 hours. We expect GBPUSD to trend downwards 2 hours following the BoC Interest Rate Decision events in Canada release because the released value is = 4.75%. A price movement of 28 pips is expected.
Historical events that allowed us to draw this conclusion
10 Apr 13:45 |
24 Jan 14:45 |
06 Dec 15:00 |
06 Sep 14:00 |
12 Jul 14:00 |
12 Apr 14:00 |
25 Jan 15:00 |
07 Dec 15:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
