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We expect a 109 pip movement on UB within 4 hours following the event release.

Based on the last 12 SNB Interest Rate Decison events in Switzerland, we expect a 109 pip movement on UB within 4 hours following the event release at 23 Sep 07:30 UTC. We expect UB to trend upwards 4 hours following the event release at 23 Sep 07:30 UTC if the released value is = -0.75%

Historical events that allowed us to draw this conclusion

17 Jun 07:30
25 Mar 08:30
17 Dec 08:30
18 Jun 07:30
19 Mar 08:30
12 Dec 08:30
19 Sep 07:30
21 Mar 08:30
13 Dec 08:30

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

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