We expect NIY to trend downwards later today. Based on these past United Kingdom GDP Growth Rate QoQ Prel news events there is a 75% chance of this. We expect this to happen if the released value is < -0.1%. A price movement of 155 pips is expected. Historical events that allowed us to draw this conclusion
15 Nov 07:00 |
12 May 06:00 |
11 Feb 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
