Based on the last 12 BoE Interest Rate Decision events in United Kingdom, we expect USDCAD to trend downwards later today. Based on these past events there is a 70% chance of this. This may happen if the released value is = 4.75%
Historical events that allowed us to draw this conclusion
07 Nov 12:00 |
20 Jun 11:00 |
09 May 11:00 |
01 Feb 12:00 |
14 Dec 12:00 |
02 Nov 12:00 |
03 Aug 11:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
