Consider closing some positions today

Be very careful of upcoming volatility because of United Kingdom BoE Interest Rate Decision news event later today. We expect a large increase in volatility on the these instruments following the event release at 20 Dec 12:00 GMT:

The table below summarizes how the volatility of each instrument is expected to change during this news event.

Symbol	Normal Movement Range	Movement range during GB BoE Interest Rate Decision
AUDUSD	18-28 pips	22-30 pips (7.50%)
EURUSD	23-38 pips	33-55 pips (43.88%)
GBPUSD	30-50 pips	58-105 pips (110.70%)
NZDUSD	18-29 pips	22-30 pips (2.82%)
USDCAD	26-41 pips	27-41 pips (-0.24%)
USDCHF	22-37 pips	30-56 pips (52.89%)
USDJPY	19-34 pips	20-33 pips (-1.98%)

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

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