Based on past Euro Area Industrial Production YoY news events there is a 75% chance of GBPUSD trending upwards. We expect this to happen because the released value is < -1.1%. A price movement of 13 pips may be on the cards. Historical events that allowed us to draw this conclusion
15 Mar 10:00 |
12 Jan 10:00 |
14 Jul 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
