Based on past United Kingdom BoE Interest Rate Decision news events there is a 70% chance of GBPUSD trending downwards. We expect this to happen because the released value is = 5.25%. A price movement of 147 pips is expected.
Historical events that allowed us to draw this conclusion
11 May 11:00 |
02 Feb 12:00 |
15 Dec 12:00 |
22 Sep 11:00 |
04 Aug 11:00 |
05 May 11:00 |
17 Mar 12:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
