Based on the last 12 Balance of Trade events in United Kingdom, we expect a $255.856 movement on USDCAD within 4 hours following the event release at 11 Nov 18:00. We expect USDCAD to trend downwards 4 hours following the event release at 11 Nov 18:00 if the released value is > £-3.4B

Historical events that allowed us to draw this conclusion

09 Jul 21:00	12 May 16:00
12 Mar 18:00	12 Nov 18:00

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