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GBPUSD could trend downwards later today. Based on these past United Kingdom BoE Interest Rate Decision news events there is a 72.73% chance of this. This could happen only if the released value is = 1.25%. The price movement may be as big as 351 pips.
Historical events that allowed us to draw this conclusion
05 May 21:00 |
17 Mar 23:00 |
03 Feb 23:00 |
04 Nov 23:00 |
05 Aug 21:00 |
24 Jun 21:00 |
18 Mar 23:00 |
17 Dec 23:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).