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Want to know why GBPUSD is going up today?

Want to know why GBPUSD is going up today?

Based on the last 12 Business Confidence events in EMU, we expect a $200 movement on GBPUSD within 2 hours following the event release at 30 Oct 10:00.
We expect GBPUSD to trend up 2 hours following the event release at 30 Oct 10:00 if the released value is < 1.14 Historical events that allowed us to draw this conclusion

30 Aug 09:00
 
28 Jun 09:00
 
30 Jan 10:00
 
29 Nov 10:00
 
30 Oct 10:00
 

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

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