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Based on the last 12 BoE Interest Rate Decision events in United Kingdom, we expect a 231 pip movement on AUDUSD within 48 hours following the event release at 2023-05-11 21:00. We expect AUDUSD to trend downwards 48 hours following the event release at 2023-05-11 21:00 if the released value is = 4.5%
Historical events that allowed us to draw this conclusion
23 Mar 23:00 |
02 Feb 23:00 |
15 Dec 23:00 |
22 Sep 21:00 |
04 Aug 21:00 |
05 May 21:00 |
03 Feb 23:00 |
04 Nov 23:00 |
23 Sep 21:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).