Based on the last 12 GDP Growth Rate QoQ Adv events in Italy, we expect a 58 pip movement on GBPUSD within 4 hours following the event release at 2022-07-29 18:00. We expect GBPUSD to trend downwards 4 hours following the event release at 2022-07-29 18:00 if the released value is > 0.3%

Historical events that allowed us to draw this conclusion

29 Oct 19:00	30 Jul 18:00
30 Oct 20:00	31 Jul 18:00
30 Apr 20:00	31 Oct 22:00
31 Jul 20:00

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