Based on the last 12 Balance of Trade events in United Kingdom, we expect a 26 pip movement on USDCHF within 2 hours following the event release at 11 Jun 06:00 UTC. We expect USDCHF to trend downwards 2 hours following the event release at 11 Jun 06:00 UTC if the released value is > £-3.2B
Historical events that allowed us to draw this conclusion
12 May 06:00 |
12 Nov 07:00 |
09 Oct 06:00 |
12 Aug 06:00 |
14 Jul 06:00 |