We expect ZB to trend upwards later today. Based on these past United Kingdom BoE Interest Rate Decision news events there is a 66.67% chance of this. We expect this to happen if the released value is = 0.1%. A price movement of 345 pips is expected.
Historical events that allowed us to draw this conclusion
18 Jun 11:00 |
26 Mar 12:00 |
30 Jan 12:00 |
19 Dec 12:00 |
19 Sep 11:00 |
01 Aug 11:00 |
02 May 11:00 |
21 Mar 12:00 |
07 Feb 12:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
