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Based on the last 12 BoE Interest Rate Decision events in United Kingdom, we expect a 98 pip movement on USDCHF within 12 hours following the event release at 24 Jun 21:00 GMT+10. We expect USDCHF to trend downwards 12 hours following the event release at 24 Jun 21:00 GMT+10 if the released value is = 0.1%
Historical events that allowed us to draw this conclusion
06 May 21:00 |
18 Mar 23:00 |
05 Nov 18:00 |
17 Sep 21:00 |
07 May 16:00 |
26 Mar 23:00 |
30 Jan 23:00 |
19 Dec 23:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).