We expect USDCHF to trend downwards later today. Based on these past United Kingdom BoE Interest Rate Decision news events there is a 72.73% chance of this. We expect this to happen if the released value is = 2.25%. A price movement of 71 pips is expected.
Historical events that allowed us to draw this conclusion
04 Aug 11:00 |
16 Jun 11:00 |
17 Mar 12:00 |
03 Feb 12:00 |
04 Nov 12:00 |
23 Sep 11:00 |
05 Aug 11:00 |
06 May 11:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
