Due to the United Kingdom BoE Interest Rate Decision news event later today, we are expecting a large increase in volatility on the these instruments following the event release at 03 Feb 23:00:
The table below summarizes how the volatility of each instrument is expected to change during this news event.
| Symbol | Normal Movement Range | Movement range during GB BoE Interest Rate Decision |
|---|---|---|
| GBPUSD | 31-50 pips | 93-142 pips (180.27%) |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).