Volatility alert for 05 May 11:00

BoE Interest Rate Decision

Due to the United Kingdom BoE Interest Rate Decision news event later today, we are expecting a large increase in volatility on the these instruments following the event release at 05 May 11:00:

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
EURUSD 20-32 pips 25-40 pips (23.35%)
USDCHF 16-26 pips 20-30 pips (16.03%)
GBPUSD 30-51 pips 88-115 pips (125.66%)