Based on the last 12 GDP Growth Rate QoQ Flash events in Euro Area, we could see a $1000 movement on GBPUSD within the next 12 hours. We may see GBPUSD trend downwards for 12 hours because the released value is > 0.2%
Historical events that allowed us to draw this conclusion
30 Jul 09:00 |
30 Apr 09:00 |
31 Jul 09:00 |
31 Jan 10:00 |
29 Oct 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
