We expect GBPUSD to trend down for the next 2 hours. Based on these past IT GDP Growth Rate YoY Adv news events there is a 80.0% of this.
We expect this to happen because the released value is > -0.1%. A price movement of 35 pips is expected.
Historical events that allowed us to draw this conclusion
14 Nov 09:00 |
14 Feb 09:00 |
15 Nov 09:00 |
13 May 08:00 |
* All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”)
