We expect a $1,430 movement on GBPUSD within the next 12 hours.

We expect a $1,430 movement on GBPUSD within the next 12 hours. We expect GBPUSD to trend downwards 12 hours following the ECB Interest Rate Decision events in Euro Area release because the released value is = 0%. A price movement of 143 pips is expected.

Historical events that allowed us to draw this conclusion

25 Jul 11:45

06 Jun 11:45

07 Mar 12:45

13 Dec 12:45

25 Oct 11:45

26 Jul 11:45

14 Jun 11:45

26 Apr 11:45

08 Mar 12:45

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