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We expect GBPUSD to trend upwards later today. Based on these past United Kingdom BoE Interest Rate Decision news events there is a 75% chance of this. We expect this to happen if the released value is = 0.1%. A price movement of 112 pips is expected.
Historical events that allowed us to draw this conclusion
07 May 16:00 |
26 Mar 23:00 |
30 Jan 23:00 |
19 Sep 21:00 |
01 Aug 21:00 |
21 Mar 23:00 |
07 Feb 23:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).