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Based on the last 12 BoC Interest Rate Decision events in Canada, we expect GBPUSD to trend upwards later today. Based on these past events there is a 70% chance of this. We expect GBPUSD to trend upwards 48 hours following the event release at 2022-12-08 02:00 if the released value is = 4.25%. A price movement of 138 pips is expected.
Historical events that allowed us to draw this conclusion
08 Sep 00:00 |
02 Jun 00:00 |
14 Apr 00:00 |
09 Dec 02:00 |
28 Oct 01:00 |
09 Sep 00:00 |
10 Jun 00:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).