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Based on the last 12 BoE Interest Rate Decision events in United Kingdom, we expect EURUSD to trend upwards. Based on these past events there is a 81.82% chance of this. We expect EURUSD to trend upwards for 4 hours because the released value is = 0.75%. A price movement of 136 pips is expected.
Historical events that allowed us to draw this conclusion
03 Feb 23:00 |
04 Nov 23:00 |
23 Sep 21:00 |
05 Aug 21:00 |
24 Jun 21:00 |
06 May 21:00 |
17 Dec 23:00 |
05 Nov 18:00 |
17 Sep 21:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).