Switzerland GDP Growth Rate QoQ News Event – a possible $390 movement on GBPUSD

Based on the last 12 GDP Growth Rate QoQ events in Switzerland, we expect GBPUSD to trend upwards later today. Based on these past events there is a 80% chance of this. We expect GBPUSD to trend upwards 4 hours following the event release at 2022-11-29 19:00 if the released value is < 0.3%. A price movement of 39 pips is expected. Historical events that allowed us to draw this conclusion

05 Sep 17:00
28 Feb 19:00
02 Sep 17:00
03 Jun 15:45

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