We expect a $1,666.119 movement on USDCAD within the next 48 hours.

We expect a $1,666.119 movement on USDCAD within the next 48 hours. We expect USDCAD to trend upwards 48 hours following the BoE Interest Rate Decision events in United Kingdom release because the released value is = 0.1%. A price movement of 211 pips is expected.

Historical events that allowed us to draw this conclusion

05 Aug 11:00
24 Jun 11:00
18 Mar 12:00
17 Dec 12:00
17 Sep 11:00
06 Aug 06:00
18 Jun 11:00
26 Mar 12:00

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

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