Based on the last 12 GDP Growth Rate QoQ Flash events in Euro Area, we expect GBPUSD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect GBPUSD to trend upwards 2 hours following the event release at 02 Feb 10:00 if the released value is < -1%. A price movement of 33 pips is expected. Historical events that allowed us to draw this conclusion
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