Based on the last 12 Balance of Trade events in United Kingdom, we expect a 2 pip movement on HG within 2 hours following the event release at 14 Jan 07:00 UTC. We expect HG to trend upwards 2 hours following the event release at 14 Jan 07:00 UTC if the released value is > £-2.7B

Historical events that allowed us to draw this conclusion

10 Dec 07:00

11 Nov 07:00

11 Jun 06:00

12 May 06:00