Based on past Euro Area GDP Growth Rate QoQ Flash news events there is a 71.43% chance of GBPUSD trending downwards. We expect this to happen because the released value is > 0.2%. A price movement of 46 pips is expected.
Historical events that allowed us to draw this conclusion
31 Jan 10:00 |
29 Jul 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
