Two reports come out Wednesday, April 22, 2015, at 4:30 AM ET which can move the GBP/USD market, making for a trade opportunity. This trade can be set up the night before at 11:00 PM ET using Nadex spreads and/or binaries.
The Bank of England, (BOE), is reporting its voting outcome on two reports:
- MPC Official Bank Rate Votes
- MPC Asset Purchase Facility Votes
The reports are are released in an “x-x-x” format. The first number is how many Monetary Policy committee members voted to increase rates. The second shows the number to decrease rates and the third is how many voted to keep rates the same.
The numbers show insight to the numbers of members change in stance on rates. These numbers are released 13 days after both the Asset Purchase Facility and the Official Bank Rate reports are announced.
Straddle Setup
For a straddle setup, investors can enter as early as 11:00 PM ET Tuesday, the night before, for a 7:00 AM ET expiration.
Strangle Setup
On the strangle setup, traders can enter as early as 11:00 PM ET Tuesday as well.
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