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Based on the last 12 BoE Interest Rate Decision events in United Kingdom, we expect a $530 movement on EURUSD within 4 hours following the event release at 07 May 16:00. We expect EURUSD to trend downwards 4 hours following the event release at 07 May 16:00 if the released value is = 0.1%
Historical events that allowed us to draw this conclusion
19 Dec 23:00 |
07 Nov 23:00 |
19 Sep 21:00 |
20 Jun 21:00 |
02 May 21:00 |
21 Mar 23:00 |
20 Dec 23:00 |
01 Nov 23:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).