United Kingdom Balance of Trade News Event – a possible $380 movement on GBPUSD
We expect GBPUSD to trend downwards for the next 2 hours. Based on these past United Kingdom Balance of Trade news events there is a 66.67% chance of this. We expect this to happen because the released value is < £-11.7B. A price movement of 38 pips is expected.Historical events that allowed us to draw this conclusion12 Aug 06:0013 Jul…