Based on the last 12 Balance of Trade events in United Kingdom, we expect 6E to trend upwards right now. Based on these past events there is a 71.43% chance of this. We expect 6E to trend upwards for the next 48 hours because the released value is > £-1.0B. A price movement of 0 pips is expected.
Historical events that allowed us to draw this conclusion
09 Oct 06:00 |
12 Aug 06:00 |
14 Jul 06:00 |
12 Jun 06:00 |
13 Jan 09:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).