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There is a 66.67% chance of GF trending downwards

Based on past United Kingdom GDP Growth Rate QoQ Final news events there is a 66.67% chance of GF trending downwards. We expect this to happen if the released value is = -20.4%. A price movement of 555 pips is expected.

Historical events that allowed us to draw this conclusion

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

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Resistance line breached by UK100. This price has been tested at least twice before.

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We expect LE to trend downwards today.

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