United Kingdom BoE Interest Rate Decision News Event – a possible $1,110.683 movement on USDCHF

Based on the last 12 BoE Interest Rate Decision events in United Kingdom, we expect a $1,110.683 movement on USDCHF within 12 hours following the event release at 17 Dec 23:00. We expect USDCHF to trend downwards 12 hours following the event release at 17 Dec 23:00 if the released value is = 0.1%

Historical events that allowed us to draw this conclusion

05 Nov 18:00
17 Sep 21:00
07 May 16:00
26 Mar 23:00
30 Jan 23:00
19 Dec 23:00
01 Aug 21:00
20 Jun 21:00

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