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 16 Jun 21:00:
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 |
|---|---|---|
| EURUSD | 20-32 pips | 25-40 pips (23.35%) |
| USDCHF | 17-26 pips | 20-30 pips (13.85%) |
| GBPUSD | 31-51 pips | 88-115 pips (125.66%) |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).