We expect GBPUSD to trend downwards later today. Based on these past Euro Area ECB Interest Rate Decision news events there is a 66.67% chance of this. We expect this to happen if the released value is = 0%. A price movement of 144 pips is expected.

Historical events that allowed us to draw this conclusion

16 Dec 23:45	28 Oct 22:45
11 Mar 23:45	21 Jan 23:45
29 Oct 23:45	10 Sep 21:45

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