Based on the last 12 Balance of Trade events in United Kingdom, we expect GBPUSD to trend downwards later today. Based on these past events there is a 66.67% chance of this. We expect GBPUSD to trend downwards 12 hours following the event release at 11 Nov 09:30 if the released value is < £-2.2B. A price movement of 161 pips is expected. Historical events that allowed us to draw this conclusion
10 May 08:30 |
12 Mar 09:30 |
11 Feb 09:30 |
10 Dec 09:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
