Based on past United Kingdom BoE Interest Rate Decision news events there is a 72.73% chance of GBPUSD trending downwards. We expect this to happen if the released value is = 0.5%. A price movement of 351 pips is expected.

Historical events that allowed us to draw this conclusion

04 Nov 23:00	23 Sep 21:00
05 Aug 21:00	24 Jun 21:00
18 Mar 23:00	17 Dec 23:00
17 Sep 21:00	06 Aug 16:00

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