Based on the last 12 Balance of Trade events in United Kingdom, we expect a 5,735 pip movement on SP within 48 hours following the event release at 13 May 06:00 UTC. We expect SP to trend upwards 48 hours following the event release at 13 May 06:00 UTC if the released value is < £-1.7B Historical events that allowed us to draw this conclusion
09 Apr 06:00 |
10 Dec 09:30 |
11 Nov 09:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
