We expect a $480 movement on GBPUSD within 12 hours following the event release at 2022-11-29 13:30.

We expect a $480 movement on GBPUSD within 12 hours following the release of GDP Growth Rate QoQ at 2022-11-29 13:30. We expect GBPUSD to trend upwards 12 hours following the event release at 2022-11-29 13:30 if the released value is > 0.4%. A price movement of 48 pips is expected.

Historical events that allowed us to draw this conclusion

02 Mar 13:30

28 Aug 12:30

29 May 12:30

29 Nov 13:30

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