Trade with an edge around todays United Kingdom BoE Interest Rate Decision news event

Based on past United Kingdom BoE Interest Rate Decision news events there is a 66.67% chance of USDCAD trending upwards. We expect this to happen if the released value is = 0.75%. A price movement of 20 pips is expected.

Historical events that allowed us to draw this conclusion

01 Nov 12:00

13 Sep 12:00

10 May 12:00

22 Mar 12:00

08 Feb 12:00

14 Dec 12:00

14 Sep 12:00

15 Jun 12:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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