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Pre Event Forecast

United Kingdom Balance of Trade News Event – a possible $590 movement on GBPUSD

Based on past United Kingdom Balance of Trade news events there is a 85.71% chance of GBPUSD trending upwards. We expect this to happen because the released value is > £-8.4B. A price movement of 59 pips is expected.

Historical events that allowed us to draw this conclusion

12 Sep 06:00
11 Apr 06:00
11 Feb 07:00
14 Jan 07:00
10 Dec 07:00
11 Nov 07:00