Based on past Euro Area ECB Interest Rate Decision news events there is a 66.67% chance of GBPUSD trending downwards. We expect this to happen if the released value is = 0%. A price movement of 339 pips is expected.

Historical events that allowed us to draw this conclusion

11 Mar 23:45	21 Jan 23:45
29 Oct 23:45	10 Sep 21:45
30 Apr 21:45	12 Mar 23:45
23 Jan 23:45

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