Based on the last 12 BoE Interest Rate Decision events in United Kingdom, we expect a 89 pip movement on UB within 4 hours following the event release at 24 Jun 11:00 UTC. We expect UB to trend upwards 4 hours following the event release at 24 Jun 11:00 UTC if the released value is = 0.1%
Historical events that allowed us to draw this conclusion
06 May 11:00 |
18 Mar 12:00 |
17 Dec 12:00 |
17 Sep 11:00 |
06 Aug 06:00 |
18 Jun 11:00 |
30 Jan 12:00 |
19 Dec 12:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
