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There is a 75% chance of GBPUSD trending upwards

Based on past United Kingdom BoE Interest Rate Decision news events there is a 75% chance of GBPUSD trending upwards. We expect this to happen if the released value is = 0.75%. A price movement of 54 pips is expected.

Historical events that allowed us to draw this conclusion

20 Jun 11:00
02 May 11:00
21 Mar 12:00
07 Feb 12:00
01 Nov 12:00
13 Sep 11:00
21 Jun 11:00
10 May 11:00
22 Mar 12:00

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

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