Based on the last 12 GDP Growth Rate QoQ Prel events in United Kingdom, GBPUSD could experience an upwards trend. Based on these past events there is a 80% chance of this, and the trend could last 2 hours because the released value is > 0.4%.
Historical events that allowed us to draw this conclusion
10 Nov 07:00 |
11 Aug 06:00 |
11 Nov 07:00 |
12 May 06:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
