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We expect a $1410 movement on GBPUSD within the next 48 hours. We expect GBPUSD to trend downwards 48 hours following the BoE Interest Rate Decision events in United Kingdom release because the released value is = 2.25%. A price movement of 141 pips is expected.
Historical events that allowed us to draw this conclusion
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 |
18 Mar 23:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).