We expect UB to trend upwards later today. Based on these past United Kingdom Balance of Trade news events there is a 66.67% chance of this. We expect this to happen if the released value is < £-2B. A price movement of 303 pips is expected. Historical events that allowed us to draw this conclusion
12 Aug 06:00 |
13 Apr 06:00 |
10 Dec 07:00 |
11 Sep 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
