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We expect a $350 movement on AUDUSD within 4 hours following the event release at 2024-11-07 12:00.

We expect AUDUSD to trend downwards later today. Based on these past United Kingdom BoE Interest Rate Decision news events there is a 70% chance of this. We expect this to happen if the released value is = 4.75%. A price movement of 35 pips is expected.

Historical events that allowed us to draw this conclusion

19 Sep 11:00
01 Aug 11:00
20 Jun 11:00
21 Mar 12:00
14 Dec 12:00
02 Nov 12:00
11 May 11:00

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

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