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We expect UB to trend downwards today with a 75% chance.

Based on the last 12 GDP Growth Rate QoQ Final events in United Kingdom, we expect UB to trend downwards later today. Based on these past events there is a 75% chance of this. We expect UB to trend downwards 48 hours following the event release at 31 Mar 06:00 if the released value is > 1%. A price movement of 118 pips is expected.

Historical events that allowed us to draw this conclusion

22 Dec 07:00
30 Sep 06:00
29 Jun 08:30

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

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We expect a 2,300 pip movement on CC within 12 hours following the event release.

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