We expect GBPUSD to trend down later today. Based on these past IT GDP Growth Rate YoY Adv news events there is a 80.0% of this.
We expect this to happen if the released value is < 0.1%. A price movement of 20 pips is expected.
Historical events that allowed us to draw this conclusion
31 Jan 10:00 |
30 Oct 09:00 |
31 Jul 10:00 |
14 Feb 09:00 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
