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Based on the last 12 BoE Interest Rate Decision events in United Kingdom, we expect USDCAD to trend upwards later today. Based on these past events there is a 72.73% chance of this. This may happen if the released value is = 2.25%
Historical events that allowed us to draw this conclusion
04 Aug 21:00![]() |
16 Jun 21:00![]() |
05 May 21:00![]() |
03 Feb 23:00![]() |
04 Nov 23:00![]() |
05 Aug 21:00![]() |
24 Jun 21:00![]() |
18 Mar 23:00![]() |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).