Based on past United Kingdom Balance of Trade news events there is a 71.43% chance of SM trending upwards. We expect this to happen because the released value is > £-3.7B. A price movement of 249 pips is expected.
Historical events that allowed us to draw this conclusion
13 Jan 09:30 |
09 Sep 08:30 |
09 Aug 08:30 |
10 Jul 08:30 |
10 Jun 08:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
