Based on the last 12 BoE Interest Rate Decision events in United Kingdom, we expect a 12150 pip movement on ES within 12 hours following the event release at 2023-08-03 11:00. We expect ES to trend downwards 12 hours following the event release at 2023-08-03 11:00 if the released value is = 5.25%
Historical events that allowed us to draw this conclusion
11 May 11:00 |
23 Mar 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 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
