We expect a $1130 movement on GBPUSD within the next 48 hours.

We expect a $1130 movement on GBPUSD within the next 48 hours. We expect GBPUSD to trend downwards 48 hours following the Inflation Rate YoY Prel events in Italy release because the released value is < 1%. A price movement of 113 pips is expected. Historical events that allowed us to draw this conclusion

30 Sep 09:00

30 Aug 09:00

28 Jun 09:00

30 Apr 09:00

29 Mar 10:00

01 Feb 10:00

31 Oct 10:00

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