We expect NKD to trend upwards today with a 75% chance.

Based on the last 12 BoE Interest Rate Decision events in United Kingdom, we expect NKD to trend upwards later today. Based on these past events there is a 75% chance of this. We expect NKD to trend upwards 12 hours following the event release at 23 Sep 11:00 if the released value is = 0.1%. A price movement of 52,250 pips is expected.

Historical events that allowed us to draw this conclusion

05 Aug 11:00
24 Jun 11:00
06 May 11:00
04 Feb 12:00
05 Nov 07:00
17 Sep 11:00
18 Jun 11:00
07 May 06:00
26 Mar 12:00

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

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