Based on the last 12 GDP Growth Rate QoQ Final events in United Kingdom, we expect GC to trend upwards. Based on these past events there is a 75% chance of this. We expect GC to trend upwards for 4 hours because the released value is > 4.8%. A price movement of 250 pips is expected.
Historical events that allowed us to draw this conclusion
31 Mar 06:00 |
22 Dec 07:00 |
20 Dec 09:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
