Based on past Euro Area ECB Interest Rate Decision news events there is a 72.73% chance of GBPUSD trending downwards. We expect this to happen if the released value is = 4%. A price movement of 354 pips is expected.
Historical events that allowed us to draw this conclusion
02 Feb 13:15 |
15 Dec 13:15 |
27 Oct 12:15 |
09 Jun 11:45 |
14 Apr 11:45 |
10 Mar 12:45 |
16 Dec 12:45 |
24 Oct 11:45 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
