Euro Area Industrial Production YoY News Event – a possible $130 movement on GBPUSD
We expect a $130 movement on GBPUSD within the next 2 hours. We expect GBPUSD to trend downwards 2 hours following the Industrial Production YoY events in Euro Area release because the released value is < 0.3%. A price movement of 13 pips is expected.Historical events that allowed us to draw this conclusion15 Jun 09:0015 Mar 10:0012 Jan 10:0014 Jul…