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We expect GBPUSD to trend upwards for the next 2 hours.

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”).

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