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There is a 80% chance of GBPUSD trending upwards

Based on the last 12 GDP Growth Rate QoQ Prel events in United Kingdom, we expect GBPUSD to trend upwards later today. Based on these past events there is a 80% chance of this. This may happen if the released value is > -0.1%

Historical events that allowed us to draw this conclusion

10 May 06:00
10 Nov 07:00
11 Aug 06:00
11 Nov 07:00

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

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