Based on the last 12 GDP Growth Rate QoQ 1st Est events in France, we expect GBPUSD to trend downwards later today. Based on these past events there is a 80% chance of this. We expect GBPUSD to trend downwards 12 hours following the event release at 30 Apr 15:30 if the released value is > 0.1%. A price movement of 27 pips is expected.

Historical events that allowed us to draw this conclusion

29 Jan 17:30	31 Jul 15:30
30 Oct 17:30	30 Jan 17:30

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