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We expect a $6250 movement on GBPUSD within 48 hours following the release of BoE Interest Rate Decision at 2022-12-15 23:00. We expect GBPUSD to trend downwards 48 hours following the event release at 2022-12-15 23:00 if the released value is = 3.5%. A price movement of 625 pips is expected.
Historical events that allowed us to draw this conclusion
22 Sep 21:00 |
04 Aug 21:00 |
05 May 21:00 |
17 Mar 23:00 |
03 Feb 23:00 |
04 Nov 23:00 |
05 Aug 21:00 |
24 Jun 21:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).