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GBPUSD will trend down right now

GBPUSD will trend down right now

We expect GBPUSD to trend down for the next 2 hours. Based on these past IT GDP Growth Rate YoY Adv news events there is a 80.0% of this.
We expect this to happen because the released value is > -0.1%. A price movement of 35 pips is expected.

Historical events that allowed us to draw this conclusion

14 Nov 09:00
 
14 Feb 09:00
 
15 Nov 09:00
 
13 May 08:00
 

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

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