Based on the last 12 BoE Interest Rate Decision events in United Kingdom, we expect a $1402 movement on USDCAD within 48 hours following the event release at 2023-03-23 12:00. We expect USDCAD to trend upwards 48 hours following the event release at 2023-03-23 12:00 if the released value is = 4.25%
Historical events that allowed us to draw this conclusion
02 Feb 12:00 |
15 Dec 12:00 |
22 Sep 11:00 |
04 Aug 11:00 |
16 Jun 11:00 |
05 May 11:00 |
03 Feb 12:00 |
04 Nov 12:00 |
05 Aug 11:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
