Canada GDP Growth Rate QoQ News Event – a $1,070 opportunity on GBPUSD

We expect a $1,070 movement on GBPUSD within 48 hours following the release of GDP Growth Rate QoQ at 01 Jun 22:30. We expect GBPUSD to trend upwards 48 hours following the event release at 01 Jun 22:30 if the released value is < 3.8%. A price movement of 107 pips is expected. Historical events that allowed us to draw this conclusion

02 Dec 00:30
31 May 22:30

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