Euro Area ECB Interest Rate Decision News Event – a $530 opportunity on GBPUSD

We expect a $530 movement on GBPUSD within 2 hours following the release of ECB Interest Rate Decision at 10 Dec 12:45. We expect GBPUSD to trend downwards 2 hours following the event release at 10 Dec 12:45 if the released value is = 0%. A price movement of 53 pips is expected.

Historical events that allowed us to draw this conclusion

10 Sep 11:45
04 Jun 11:45
30 Apr 11:45
12 Mar 12:45
23 Jan 12:45
24 Oct 11:45
25 Jul 11:45
06 Jun 11:45