 |
Based on the last 12 BoE Interest Rate Decision events in United Kingdom, we expect a 211 pip movement on USDCAD within 48 hours following the event release at 23 Sep 21:00 GMT+10. We expect USDCAD to trend upwards 48 hours following the event release at 23 Sep 21:00 GMT+10 if the released value is = 0.1%
Historical events that allowed us to draw this conclusion
05 Aug 21:00 |
24 Jun 21:00 |
18 Mar 23:00 |
17 Dec 23:00 |
17 Sep 21:00 |
06 Aug 16:00 |
18 Jun 21:00 |
26 Mar 23:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).