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Based on the last 12 BoE Interest Rate Decision events in United Kingdom, we expect GBPUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect GBPUSD to trend downwards 48 hours following the event release at 06 May 21:00 if the released value is = 0.1%. A price movement of 351 pips is expected.
Historical events that allowed us to draw this conclusion
18 Mar 23:00 |
17 Dec 23:00 |
17 Sep 21:00 |
06 Aug 16:00 |
18 Jun 21:00 |
30 Jan 23:00 |
19 Dec 23:00 |
07 Nov 23:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).