Trading during news is different from trading in quiet periods; price speed and execution cost can change in moments, even before the meaning of the news is clear. Therefore, knowing only the event time or expected direction is not enough; one must understand what might happen to the spread, slippage, and the first move after the information is released. The Economic Calendar on the site helps identify listed events and their impact level, but it does not guarantee market direction or execution outcomes.
Trading during news: why does the spread widen?
Spread is the difference between the bid and offer prices. Around high-impact news, this gap can widen beyond the norm; liquidity may be scarce at some prices, while orders from participants move quickly. Liquidity providers may reprice quotes as information arrives, causing prices to diverge or change rapidly. This does not mean the spread will widen to the same extent for every instrument or broker, and the available data do not include current spread measurements.
When the spread is wide, the center may start further from the break-even price than a trader expects in a quiet market. Prices shown may move before the trader can place an order. Therefore it is important to distinguish between the price displayed on the screen and the price actually available when sending an order. The result varies by instrument, market conditions, and order type, and cannot be inferred from the economic calendar alone.
Slippage: execution may differ from the requested price
Slippage is the difference between the price the trader requested and the price at which the order was filled. Slippage can be positive or negative, but in fast-moving news moments there may not be enough liquidity at the requested price, so the order is filled at a different price or not filled as expected. This is more significant for market orders, which aim to be filled at the best available price when the order arrives, not to guarantee a specific price.
A limit order defines the acceptable execution price or a better price, but it does not guarantee execution if the market moves away. There is no way to eliminate slippage risk under all conditions. Therefore, read the broker’s execution terms and understand the order type before using it, rather than assuming the shown price will remain available after a news release.
The first counter-move does not determine the trend
Prices may initially jump in a direction that seems logical with the headline, then reverse quickly. This happens because the market does not respond to the headline alone: the information may be already anticipated, details may differ from participants’ expectations, or liquidity may change and positions may be closed. This can produce an initial move that does not persist. In other cases, the price may continue in the initial direction if the new information supported market expectations and orders kept flowing.
These are probabilities, not fixed rules. For example, describing news as positive or negative is not enough to infer a price direction, and the initial move does not confirm its continuation. A bullish continuation scenario is invalidated if the price returns and breaks the structure on which that scenario was based, while a reversal scenario weakens if the price reclaims its previous levels and remains there. Price levels for this event cannot be determined from the available data.
What does the economic calendar display?
According to available data, the upcoming events table at 06:45 UTC includes a word from Bank of England Governor Bailey, rated with medium impact. The expected and previous figures are not announced. This is an event related to a speech rather than data confirming an upcoming NFP release or an interest rate decision within the listed items. Therefore, one should not treat NFP and rate decision examples as upcoming events in this table.
Before the event, review the event time and its impact, then watch for any calendar updates. However, the absence of the expected or prior reading means that numeric comparison is not available here. The calendar alone does not reveal the word’s content or market reaction. The pound’s response may differ from other assets; do not assume a move in the British asset will translate to cryptocurrencies without evidence.
The latest 24-hour data show Solana at 104.4 with a change of -0.05%, Ethereum at 2431.51 up 0.33%, Ripple at 1.3012 down 0.79%, and Bitcoin at 81559.13 down 0.07%. This is a separate performance snapshot and does not prove causation with the Bank of England Governor’s comment or predict future movement.
Pre-news and post-news checklist
- Review the economic calendar and event timing by the displayed time zone, and note the impact degree and any unreleased information.
- Watch the spread width and price changes; the actual cost may differ from normal trading conditions.
- Understand the difference between a market order and a limit order, and don't assume guaranteed execution.
- Do not interpret the initial move as a confirmed trend; wait for price behavior and liquidity to clarify according to your plan.
- Predefine what would invalidate the scenario you are following, and do not rely on the headline alone.
The calendar helps prepare for times of rising volatility, but it does not predict direction or remove execution risks. The content is analytical, not investment advice.
Key points
- Spread may widen and execution prices may move around high-impact news.
- The first counter-move does not by itself prove the market direction; monitor what invalidates every scenario.
- The available calendar shows a comment from the Bank of England Governor Bailey at 06:45 UTC, with expected data and previously unreleased figures.
