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We expect a 371 pip movement on GF within 4 hours following the event release.

Based on the last 12 Balance of Trade events in United Kingdom, we expect a 371 pip movement on GF within 4 hours following the event release at 10 Dec 07:00 UTC. We expect GF to trend downwards 4 hours following the event release at 10 Dec 07:00 UTC if the released value is > £0.5B

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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