Based on the last 12 GDP Growth Rate QoQ Flash events in Euro Area, we expect a $1400 movement on GBPUSD within 48 hours following the event release at 2024-10-30 10:00. We expect GBPUSD to trend downwards 48 hours following the event release at 2024-10-30 10:00 if the released value is > 0.2%
Historical events that allowed us to draw this conclusion
30 Jul 09:00 |
30 Apr 09:00 |
30 Jan 10:00 |
31 Jul 09:00 |
29 Oct 09:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
