Be very careful of upcoming volatility because of United Kingdom BoE Interest Rate Decision news event later today. We expect a large increase in volatility on the these instruments following the event release at 16 Dec 23:00 GMT+11:
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 | 89-142 pips (179.72%) |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).