Based on the last 12 Balance of Trade events in United Kingdom, we expect GC to trend upwards later today. Based on these past events there is a 85.71% chance of this. We expect GC to trend upwards 4 hours following the event release at 12 Feb 07:00 if the released value is > £-4.2B. A price movement of 4,634 pips is expected.
Historical events that allowed us to draw this conclusion
09 Oct 06:00 |
12 Aug 06:00 |
14 Jul 06:00 |
12 Jun 06:00 |
11 Mar 09:30 |
11 Feb 09:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
