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We expect a $1120 movement on GBPUSD within the next 48 hours.

Based on the last 12 BoE Interest Rate Decision events in United Kingdom, GBPUSD may trend downwards for the next 48 hours. Based on these past events there is a 66.67% chance of this. This may happen because the released value is = 4.25%

Historical events that allowed us to draw this conclusion

08 May 11:02
19 Dec 12:00
07 Nov 12:00
01 Aug 11:00
20 Jun 11:00
21 Mar 12:00
01 Feb 12:00
14 Dec 12:00

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

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