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Based on the last 12 BoE Interest Rate Decision events in United Kingdom, we expect EURUSD to trend upwards later today. Based on these past events there is a 72.73% chance of this. We expect EURUSD to trend upwards 2 hours following the event release at 2023-02-02 23:00 if the released value is = 4%. A price movement of 74 pips is expected.
Historical events that allowed us to draw this conclusion
15 Dec 23:00 |
22 Sep 21:00 |
04 Aug 21:00 |
16 Jun 21:00 |
17 Mar 23:00 |
03 Feb 23:00 |
04 Nov 23:00 |
05 Aug 21:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).