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We expect GBPUSD to trend upwards today with a 75% chance.

Based on past United Kingdom Balance of Trade news events there is a 75% chance of GBPUSD trending upwards. We expect this to happen if the released value is > £-1.9B. A price movement of 59 pips is expected.

Historical events that allowed us to draw this conclusion

12 Dec 07:00
11 Nov 07:00
12 Sep 06:00
11 Apr 06:00
11 Feb 07:00
14 Jan 07:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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Esperamos que el YM adopte una tendencia ascendente a última hora de hoy. Basándonos en los últimos eventos de Balanza Comercial en Reino Unido, hay un 75% de probabilidad de que todo ello suceda.

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We expect NIY to trend upwards today with a 75% chance.

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