We expect EMD to trend downwards for the next 4 hours. Based on these past United Kingdom BoE Interest Rate Decision news events there is a 75% chance of this. We expect this to happen because the released value is = 4%. A price movement of 468 pips is expected.
Historical events that allowed us to draw this conclusion
19 Jun 11:00 |
08 May 11:02 |
06 Feb 12:00 |
19 Dec 12:00 |
07 Nov 12:00 |
19 Sep 11:00 |
01 Aug 11:00 |
20 Jun 11:00 |
01 Feb 12:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
