Based on the last 12 BoC Interest Rate Decision events in Canada, we expect a $610 movement on GBPUSD within 2 hours following the event release at 22 Jan 15:00. We expect GBPUSD to trend downwards 2 hours following the event release at 22 Jan 15:00 if the released value is = 1.75%

Historical events that allowed us to draw this conclusion

04 Dec 15:00

30 Oct 14:00

29 May 14:00

24 Apr 14:00

06 Mar 15:00

09 Jan 15:00

24 Oct 14:00

05 Sep 14:00

11 Jul 14:00