Based on the last 12 Industrial Production YoY events in Euro Area, we expect GBPUSD to trend upwards later today. Based on these past events there is a 75% chance of this. This will happen if the released value is < -1.3% Historical events that allowed us to draw this conclusion
14 Aug 09:00 |
13 Feb 10:00 |
14 Jan 10:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
