We expect a $690 movement on GBPUSD within 12 hours following the release of ECB Interest Rate Decision at 28 Oct 22:45. We expect GBPUSD to trend upwards 12 hours following the event release at 28 Oct 22:45 if the released value is = 0%. A price movement of 69 pips is expected.

Historical events that allowed us to draw this conclusion

09 Sep 21:45	22 Jul 21:45
10 Jun 21:45	11 Mar 23:45
21 Jan 23:45	10 Dec 23:45
16 Jul 21:45	04 Jun 21:45
30 Apr 21:45

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