Based on past Italy GDP Growth Rate QoQ Adv news events there is a 80% chance of GBPUSD trending downwards. We expect this to happen because the released value is > 0.3%. A price movement of 114 pips is expected.
Historical events that allowed us to draw this conclusion
31 Jan 10:00 |
29 Oct 08:00 |
30 Jul 08:00 |
30 Apr 08:00 |
02 Feb 09:00 |
31 Jul 08:00 |
31 Oct 11:00 |
31 Jul 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
