We expect a $630 movement on GBPUSD within 48 hours following the release of Retail Sales MoM at 16 Jul 12:30. We expect GBPUSD to trend upwards 48 hours following the event release at 16 Jul 12:30 if the released value is > 0.1%. A price movement of 63 pips is expected.
Historical events that allowed us to draw this conclusion
11 Mar 12:30 |
15 Nov 13:30 |
15 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
