Based on past United Kingdom Balance of Trade news events there is a 87.5% chance of USDCHF trending upwards. We expect this to happen because the released value is > £2.8B. A price movement of 132 pips is expected.

Historical events that allowed us to draw this conclusion

14 Jul 16:00	12 Jun 16:00
11 Mar 20:30	10 Oct 19:30
09 Sep 18:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).