Based on the last 12 Balance of Trade events in United Kingdom, we expect USDCHF to trend downwards. Based on these past events there is a 75% chance of this. We expect USDCHF to trend downwards for 48 hours because the released value is < £-1.2B. A price movement of 68 pips is expected. Historical events that allowed us to draw this conclusion

10 Dec 18:00	11 Sep 16:00
09 Apr 16:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).