Volatility alert for 16 Jun 11:00

BoE Interest Rate Decision

Be very careful of upcoming volatility following 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 16 Jun 11:00 UTC:

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 17-26 pips 20-30 pips (13.85%)
GBPUSD 31-51 pips 88-115 pips (125.66%)