We expect GBPUSD to trend downwards for the next 12 hours.

Based on the last 12 BoC Interest Rate Decision events in Canada, we expect GBPUSD to trend downwards for the next 12 hours. Based on these past events there is a 66.67% chance of this. This may happen because the released value is = 0.25%

Historical events that allowed us to draw this conclusion

08 Dec 15:00

27 Oct 14:00

08 Sep 14:00

14 Jul 14:00

09 Jun 14:00

09 Dec 15:00

09 Sep 14:00

15 Jul 14:00

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