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We expect a 0 pip movement on NE within 12 hours following the event release.

Based on the last 12 Balance of Trade events in United Kingdom, we expect a 0 pip movement on NE within 12 hours following the event release at 11 Nov 07:00 UTC. We expect NE to trend downwards 12 hours following the event release at 11 Nov 07:00 UTC if the released value is > £-3.4B

Historical events that allowed us to draw this conclusion

11 Jun 06:00
12 May 06:00
12 Mar 07:00
12 Nov 07:00

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

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