What to trade around United Kingdom Balance of Trade news event

Based on the last 12 Balance of Trade events in United Kingdom, we expect USDCHF to trend upwards later today. Based on these past events there is a 75% chance of this. We expect USDCHF to trend upwards 2 hours following the event release at 11 Mar 07:00 if the released value is < £-3.7B. A price movement of 3 pips is expected. Historical events that allowed us to draw this conclusion

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