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 |