We expect GC to trend upwards for the next 12 hours. Based on these past United Kingdom Balance of Trade news events there is a 71.43% chance of this. We expect this to happen because the released value is > £-8.4B. A price movement of 3195 pips is expected.
Historical events that allowed us to draw this conclusion
12 Sep 06:00 |
11 Apr 06:00 |
11 Feb 07:00 |
10 Dec 07:00 |
11 Nov 07:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
