Based on the last 12 GDP Growth Rate QoQ Final events in United Kingdom, we expect UB to trend downwards later today. Based on these past events there is a 75% chance of this. We expect UB to trend downwards 48 hours following the event release at 31 Mar 06:00 if the released value is > 1%. A price movement of 118 pips is expected.
Historical events that allowed us to draw this conclusion
22 Dec 07:00 |
30 Sep 06:00 |
29 Jun 08:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
