Based on the last 12 GDP Growth Rate QoQ 2nd Est events in Euro Area, we expect GBPUSD to trend downwards later today. Based on these past events there is a 80% chance of this. This may happen if the released value is = 2.2%

Historical events that allowed us to draw this conclusion

17 Aug 19:00	18 May 19:00
15 May 19:00	14 Feb 21:00
14 Nov 21:00	15 May 19:00
14 Feb 21:00	14 Nov 21:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).