United Kingdom BoE Interest Rate Decision News Event – a possible $1399 movement on USDCAD

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”).