Based on the last 12 BoE Interest Rate Decision events in United Kingdom, we expect a 106 pip movement on BO within 12 hours following the event release at 17 Mar 12:00 UTC. We expect BO to trend upwards 12 hours following the event release at 17 Mar 12:00 UTC if the released value is = 0.75%
Historical events that allowed us to draw this conclusion
03 Feb 12:00 |
23 Sep 11:00 |
24 Jun 11:00 |
06 May 11:00 |
04 Feb 12:00 |
17 Dec 12:00 |
05 Nov 07:00 |
17 Sep 11:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
