Based on the last 12 BoE Interest Rate Decision events in United Kingdom, we expect a 140 pip movement on USDCHF within 12 hours following the event release at 2023-03-23 23:00. We expect USDCHF to trend downwards 12 hours following the event release at 2023-03-23 23:00 if the released value is = 4.25%

Historical events that allowed us to draw this conclusion

15 Dec 23:00	22 Sep 21:00
04 Aug 21:00	16 Jun 21:00
17 Mar 23:00	03 Feb 23:00
04 Nov 23:00	23 Sep 21:00
05 Aug 21:00

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