We expect GBPUSD to trend upwards later today. Based on these past France GDP Growth Rate QoQ 1st Est news events there is a 66.67% chance of this. We expect this to happen if the released value is > -15.3%. A price movement of 86 pips is expected.

Historical events that allowed us to draw this conclusion

30 Oct 17:30	30 Jan 17:30
30 Jan 17:30

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