We expect a $80 movement on GBPUSD within 2 hours following the release of GDP Growth Rate QoQ Prel at 17 May 23:50. We expect GBPUSD to trend upwards 2 hours following the event release at 17 May 23:50 if the released value is > -1.2%. A price movement of 8 pips is expected.
Historical events that allowed us to draw this conclusion
08 Aug 23:50 |
19 May 23:50 |
09 Aug 23:50 |
13 Aug 23:50 |