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We expect GBPUSD to trend downwards today with a 88.89% chance.

Based on the last 12 GDP Growth Rate QoQ 2nd Est events in Euro Area, we expect GBPUSD to trend downwards later today. Based on these past events there is a 88.89% chance of this. We expect GBPUSD to trend downwards 4 hours following the event release at 14 Nov 10:00 if the released value is = 0.2%. A price movement of 55 pips is expected.

Historical events that allowed us to draw this conclusion

15 May 09:00
14 Feb 10:00
14 Nov 10:00
15 May 09:00
14 Feb 10:00
14 Nov 10:00
16 Aug 09:00
15 Nov 10:00

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

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We expect a $250.119 movement on GF within 4 hours following the event release at 14 Nov 06:30.

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