We expect SM to trend downwards later today. Based on these past United Kingdom GDP Growth Rate QoQ Prel news events there is a 71.43% chance of this. We expect this to happen if the released value is > 0.1%. A price movement of 53 pips is expected.
Historical events that allowed us to draw this conclusion
15 May 06:00 |
13 Feb 07:00 |
10 May 06:00 |
11 Aug 06:00 |
11 Nov 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
