Volatility alert for 09 Jun 11:45

ECB Interest Rate Decision

Due to the Euro Area ECB Interest Rate Decision news event later today, we are expecting a large increase in volatility on the these instruments following the event release at 09 Jun 11:45:

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 EMU ECB Interest Rate Decision
NZDUSD 16-25 pips 19-32 pips (27.04%)
USDCHF 17-26 pips 23-30 pips (14.66%)
GBPUSD 31-51 pips 51-90 pips (77.56%)
EURUSD 20-32 pips 37-62 pips (90.83%)