We expect a $480 movement on EURUSD within 12 hours following the event release at 06 Aug 06:00.

Based on the last 12 BoE Interest Rate Decision events in United Kingdom, we expect a $480 movement on EURUSD within 12 hours following the event release at 06 Aug 06:00. We expect EURUSD to trend upwards 12 hours following the event release at 06 Aug 06:00 if the released value is = 0.1%

Historical events that allowed us to draw this conclusion

07 May 06:00
26 Mar 12:00
30 Jan 12:00
01 Aug 11:00
07 Feb 12:00

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

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